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00-Getting-Started/2021-06-01-Game-Stop-Power-to-the-Apes.md
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00-Getting-Started/2021-06-01-Game-Stop-Power-to-the-Apes.md
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|
||||
🎮 Game Stop 🛑
|
||||
===============
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/redchessqueen99](https://www.reddit.com/user/redchessqueen99/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/) |
|
||||
|
||||
---
|
||||
|
||||
[🙌💎 Red Seal of Stonkiness 💎🙌](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=1)
|
||||
|
||||
🎮 Game Stop 🛑 Power to the Apes
|
||||
|
||||
[](https://preview.redd.it/ki5gi2o2qk271.png?width=849&format=png&auto=webp&s=14d8d6340fdeaeb6a31770af0351c9a74b2c7338)
|
||||
|
||||
You stay stonky, San Diago.
|
||||
|
||||
Moderator Promotions
|
||||
|
||||
I am so very happy to announce that we have promoted two moderators to Full Permissions. This effectively puts them in the same moderator power level as [u/rensole](https://www.reddit.com/u/rensole/) and [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/). While Reddit's hierarchy still remains the same, these two will now have access to Community Settings and Full Permissions, giving them the ability to adjust site settings, give moderator awards, add and remove mods, and much more, but overall will be seen as top authorities in the moderator team.
|
||||
|
||||
- [u/Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/)
|
||||
|
||||
- BT been with us since [r/GME](https://www.reddit.com/r/GME/) days (he wrote the [r/GME](https://www.reddit.com/r/GME/) FAQ) and has been a critical mod at [r/Superstonk](https://www.reddit.com/r/Superstonk/). His steadfast work ethic, dedication to the community, strong skills and relationships with the other mods, and his ethical stature are all key aspects of why we feel this promotion is warranted. He has also been very active in our mod chat, and has helped to keep the peace and mediate disagreements for the betterment of all mods and the community at large.
|
||||
|
||||
- [u/Pinkcatsonacid](https://www.reddit.com/u/Pinkcatsonacid/)
|
||||
|
||||
- Pink has been dedicated to this subreddit since her addition as mod. She has become a beloved friend to many of us, and I think she brings invaluable insight and purpose to the mod team as well as the community. She has demonstrated her worth time and time again with tireless work ethic, dedication to the ape community, and close relationships that no doubt will strengthen them both as it emanates outward to the rest of us.
|
||||
|
||||
[](https://preview.redd.it/uc3wcx5tok271.jpg?width=1600&format=pjpg&auto=webp&s=bed62b2f34bf0426b372e99eafbcf9c8f5c4e4af)
|
||||
|
||||
Apes Together Strong
|
||||
|
||||
I think this could also mark an evolutionary transition for [r/Superstonk](https://www.reddit.com/r/Superstonk/) in terms of moderator structuring and the scope of the sub itself. When [u/rensole](https://www.reddit.com/u/rensole/) and I were at [r/GME](https://www.reddit.com/r/GME/), all mods had Full Permissions. This actually caused a lot of issues since some mods abused those permissions, and it effectively led to the migration from the sub. As a result, we have been very careful with who we give permissions to in an attempt to prevent catastrophe. It's worked so far, but we feel it is time to expand permissions to those deserving.
|
||||
|
||||
[u/Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/) and [u/Pinkcatsonacid](https://www.reddit.com/u/Pinkcatsonacid/) have tirelessly worked for the growth and integrity of [r/Superstonk](https://www.reddit.com/r/Superstonk/), and I have come to trust them and love them as fellow apes and friends in this journey. I have no qualms promoting them both to Full Permissions admin-level roles. We hope they can assist us heavily in acting as authorities for the sub and in leading the mod team and ape community as a whole into the future. This is very much deserved, so please make sure to give them serious congratulations. 💎💎💎 CONGRATULATIONS 💎💎💎
|
||||
|
||||
MOASS Defense
|
||||
|
||||
Over the past few months, as far back as my tenure at [r/GME](https://www.reddit.com/r/GME/), there have been questions about the MOASS and how we would protect the sub in the event of a cataclysmic series of events. Ever since, we have been working with a special team of wrinkle-brained apes, and the mods, to develop a solution to this inevitable outcome.
|
||||
|
||||
I am proud to announce that this solution is finally ready for implementation, and today it received a majority-vote from the [r/Superstonk](https://www.reddit.com/r/Superstonk/) mod team, and is therefore approved and now being implemented.
|
||||
|
||||
This plan will address the following concerns:
|
||||
|
||||
1. How will we defend against the onslaught of new members from the MOASS?
|
||||
|
||||
2. How are we going to protect against incoming FUD attacks?
|
||||
|
||||
3. How do we discourage a sub split effort?
|
||||
|
||||
4. How do we allow those hurt by age/karma limits to remain included?
|
||||
|
||||
5. What has Red been alluding to for the past two months?
|
||||
|
||||
To answer these concerns, we have worked diligently to come up with a multi-faceted plan that will no doubt secure the subreddit for the foreseen future. But first, I should introduce you to a little secret we mods have been keeping from you all... don't worry, we kept it secret for one particular and very important purpose: to study unsuspecting shills.
|
||||
|
||||
[](https://preview.redd.it/7iomr9b6pk271.png?width=553&format=png&auto=webp&s=96e57d4a390575613e487e76ff99d68e41c03d36)
|
||||
|
||||
My cat on my laptop: "I'm in."
|
||||
|
||||
Please read this message:
|
||||
|
||||
Greetings to all Ape-Kind! I'm [u/grungromp](https://www.reddit.com/u/grungromp/).
|
||||
|
||||
Strap in. We've got a lot of text to get through.
|
||||
|
||||
Back in March, some Apes who have some brain wrinkles about behavior got together with some Apes who know how to use computers real good to try and develop a method of countering the invasion of nefarious actors trying to spread FUD to our community. We contacted the mods on [r/gme](https://www.reddit.com/r/gme/) to see if the project would be of worth and [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) responded with emphatic support. Upon the Great Ape Migration to [r/Superstonk](https://www.reddit.com/r/Superstonk/), she invited us to continue our work with her direct involvement here.
|
||||
|
||||
With the behind the scenes view we were given of the sub, we've been working over the past three months to put together a system of shill detection. We wanted this to be the proverbial headshot, and needed to make sure we limited collateral damage to Apes, while also not giving shills time to adapt. We sincerely wish we'd been able to be faster about it, but we were literally generating this project from the ground up, as (to our awareness) no one has ever attempted something like this before, or even had the need to.
|
||||
|
||||
Before we describe the project, we'd like to offer you a bit of insight into what we've been seeing with the sub over the past week to establish the need, if it hasn't already been obvious to the average Ape.
|
||||
|
||||
The age and karma restrictions were originally put into place on [r/superstonk](https://www.reddit.com/r/superstonk/) on April 25. This prohibited comments from accounts under 30 days old, and posts from accounts under 60. We realized this meant that on May 25th, accounts that had been created on and around the day the restrictions were put in place would be able to start a massive FUD campaign.
|
||||
|
||||
We were right.
|
||||
|
||||
In the last week, the amount of accounts posting in the sub whom we have been able to identify as shills has increased at least 8 times. Where we were seeing 3 in 100 suspicious looking posts and accounts at times previously, over the past week that number has jumped to 24 in 100.
|
||||
|
||||
With that in mind, we have decided that now is the moment to make our stand.
|
||||
|
||||
We'd like to introduce you all to Satori.
|
||||
|
||||
[](https://preview.redd.it/072qgrnnck271.png?width=2084&format=png&auto=webp&s=791923e8726db74fc069a80ad400717cc306b1b0)
|
||||
|
||||
Shorting shills since 2021.
|
||||
|
||||
One of the greatest advantages the hedge funds have had over us during this entire process is the ability to manipulate the market by using technology that we don't have access to. High frequency trading and algorithms have put a pretty massive finger on the scales to tip the markets in their favor. That is why we feel that Satori is so important and could be such a boon to the Ape community. This evens the playing field, giving us the advantage of advanced technological analysis on our home court. In essence, this allows us to "Short the Shills." They have no idea that this is coming. And they are not prepared.
|
||||
|
||||
A few points of import about Satori and it's capabilities
|
||||
|
||||
- As with our analysis of GME as a stock, Satori functions almost entirely with publicly available information. Every possible publicly seen feature of Reddit is included to some degree. While we do utilize some privileged information from the Moderation team, that is the extent of our data gathering. We do not have access to private chats, ip addresses, or anything that is not available to public view.
|
||||
|
||||
- Satori is designed to analyze every single poster in [r/Superstonk](https://www.reddit.com/r/Superstonk/) and generate a confidence interval of how likely they are to be a shill. The higher the score, the more likely the account is a shill. That information will be given to the Mods in order to inform their plans and decision making. It will not be public information. However, it is important to note that the system is designed to identify bad actors based on their actions. Just because an account hasn't posted anything shilly YET doesn't mean they never will. Therefore, a low "Shill Score™" is not considered a guarantee of Ape-ness. Do not assume that anyone posting has been granted an "all clear."
|
||||
|
||||
- As is the case with all human activity, shilling isn't a black and white issue. There is a chance of error on both ends, both shills that will go undetected as well as real Apes who are flagged as suspicious. It's a truth that we're aware of, and we've taken as much time as we could to be as accurate as possible. We have worked with the mod team and recommended several steps for mitigating this after implementation.
|
||||
|
||||
[](https://preview.redd.it/cyfxillrgk271.png?width=953&format=png&auto=webp&s=f1983c2fbefe8b7fb1d54224ea47687d86869ba8)
|
||||
|
||||
Satori (覚, "consciousness") in Japanese folklore are mind-reading monkey-like monsters ("yōkai") said to dwell within the mountains of Hida and Mino.
|
||||
|
||||
- Satori is NOT designed to detect and identify negative sentiment toward GME. It is NOT designed to shut down criticism of the stock or DD. It is NOT simply a method to amplify any echo chamber effect. Continue to doubt, research, and criticize, as has been the mantra of our community since its inception. Our only aim is to contribute to making [r/Superstonk](https://www.reddit.com/r/Superstonk/) a platform where Apes can freely discuss GME and share memes by counteracting bad actors who want to disrupt our community for nefarious purposes.
|
||||
|
||||
- We are aware that transparency and sharing of information is an essential part of the Ape community. However, we are not going to be revealing the specifics of our tech, nor the metrics which it uses to analyze the content of the sub. This information may come out eventually, likely post MOASS, but if we were to give specifics in order to make an appeal to the idea of transparency, we would be handing a manual to the shills on exactly how to behave to hide from our mind reading monkey machine. Please understand that Satori has been tested and vetted in hundreds of iterations to arrive at this point, and that the Mods have seen and approved of our methods and will keep oversight over every change and decision.
|
||||
|
||||
- We will leave it to [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) and the mod group to describe the implementation process and how the technology will be utilized. But know that our team's tits are jacked to levels unheard of before at the fact that we finally get to deploy our virtual psychic primate.
|
||||
|
||||
[](https://preview.redd.it/31z3goqzgk271.jpg?width=343&format=pjpg&auto=webp&s=9b77ee83ae72fca8accdb3bd9ca0c96b4ccf1829)
|
||||
|
||||
"I see... I see... I see a lot of shadow marketing companies freaking out."
|
||||
|
||||
While we have yet to use Satori for sweeping changes on the sub, the mod team has already utilized it at various points. In smaller instances, Satori has already been used to see and identify FUD campaigns, target suspicious users, and plan specific moves and posts within the community. While those instances have been helpful, we recognize the potential for what Satori is capable of is so much greater, and now is our time to utilize it to it's capacity.
|
||||
|
||||
With all that new information presented to you, we do have one small request. This is brand new. There will be some bumps along the way. We've done our best to see and plan for every possible outcome, but we are aware that we will have missed some things. It will be a bit messy as we get things up and running. You have our promise that we will continue to refine our processes and do whatever is needed to ensure this community has the protection it deserves in the face of what we're dealing with.
|
||||
|
||||
We don't mean to wax hyperbolic, but this may be one of the most powerful pieces of technology developed in history that deals specifically with community analysis and management. It's been grassroots created by Apes, for Apes, and, to our knowledge, no one else has ever developed anything like this. Apes are now in possession of an asset that gives us autonomy and power that few other online communities have ever come close to harnessing. We've taken punch after punch from the hedgies; shills, infiltrators, propaganda, media manipulation, and market manipulation. Our team could not be more proud of the way this incredible community has taken every blow and got back to our hairy, prehensile feet.
|
||||
|
||||
But now? We have a way to counter punch. Hard. And we will do it with a nuke dropped off our rocket as we leave Earth's atmosphere on our way to the stars.
|
||||
|
||||
In the words of Ryan Cohen: R.I.P. Dumb Asses
|
||||
|
||||
Apes Strong Together
|
||||
|
||||
Buy. Hodl. Vote. Fight.
|
||||
|
||||
---
|
||||
|
||||
Note from [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/)**:**
|
||||
|
||||
Satori was created and developed by a team that was largely kept private for over two months now. This team includes [u/catto_del_fatto](https://www.reddit.com/u/catto_del_fatto/), [u/grungromp](https://www.reddit.com/u/grungromp/), and [u/Captain-Fan](https://www.reddit.com/u/Captain-Fan/). I have personally worked with them since before the [r/Superstonk](https://www.reddit.com/r/Superstonk/) migration from [r/GME](https://www.reddit.com/r/GME/), and can say they have become some of my most trusted friends.
|
||||
|
||||
[u/catto_del_fatto](https://www.reddit.com/u/catto_del_fatto/) was also added awhile back as a mod to incorporate moderator-level data into the information-gathering aspects of Satori, thus allowing the mod team to talk to him directly and help provide shill data for the system. Catto has officially accepted a full-time mod role with general moderator permissions, and we are looking forward to continuing this project and fostering a deeper relationship between the Satori team and the moderator team.
|
||||
|
||||
TL;DR: [r/Superstonk](https://www.reddit.com/r/Superstonk/) has an intelligence division.
|
||||
|
||||
[](https://preview.redd.it/nechp7j0dk271.jpg?width=2400&format=pjpg&auto=webp&s=bd6ba796a7eef2dc785b89595ae5bdf855969ffd)
|
||||
|
||||
Asta la vista, baby.
|
||||
|
||||
The Plan
|
||||
|
||||
- Increase karma and age filters
|
||||
|
||||
- Posts : 60 days / 500 karma ---> 120 days / 2000 karma
|
||||
|
||||
- Accounts will need have been created earlier than February 1, 2021
|
||||
|
||||
- Comments: 30 days / 250 karma ---> 60 days / 500 karma
|
||||
|
||||
- Accounts will need to have been created earlier than April 1, 2021
|
||||
|
||||
- Note: Superstonk Migration was April 4, 2021
|
||||
|
||||
- These limits will need to scale as time progresses; until the MOASS; while we hone and implement this program for total effectiveness.
|
||||
|
||||
- These limits will be implemented on June 1, 2021 sometime throughout the day.
|
||||
|
||||
- Activate *Satori*
|
||||
|
||||
- The immediate goal of Satori is to make sure that true apes are not locked out due to the increased restrictions. However, bans are an automated capability.
|
||||
|
||||
- "Mod-bots" will be added to the mod team and given approve and ban permissions, and then programmed to automate the approval or ban process via a generated list of users.
|
||||
|
||||
- [u/Satori-Blue-Shell](https://www.reddit.com/u/Satori-Blue-Shell/) is currently the only mod-bot added and is actively Approving members
|
||||
|
||||
- APPROVALS - All users who were created after the Blip (end of January) and are not on the high risk list of users, with be added to the Approved Users in waves. By being added as Approved Users, they will bypass the karma and age filters. This will actively allow MORE true apes to participate in the sub.
|
||||
|
||||
- BANS - Mods will receive spreadsheets of high risk users, where they can approve or deny users, and then these lists will be implemented for automated implementation.
|
||||
|
||||
- Mods will officially now be allowed to Approve users they trust in addition to Satori
|
||||
|
||||
- Previously, we did not allow approving users because we suspected some foul play associated with that. Now, however, due to the sheer volume of approvals, we feel confident that we can add this to our arsenal of methods to protect apes in [r/Superstonk](https://www.reddit.com/r/Superstonk/).
|
||||
|
||||
- Minimize Fallout
|
||||
|
||||
- This plan prioritizes the positive aspects of Satori over the negative, and allows mod oversight on the bans process. Halting Satori is as simple as removing permissions from the mod-bot.
|
||||
|
||||
- Many of you who couldn't post due to age and karma limits, will now will be able to, once added to the Approved Users list. If you are not added, please be patient, as we are currently approving in waves.
|
||||
|
||||
- This will incentivize good behavior, because apes will not want to lose their approved status, or will want to earn it in the first place. Overall, we are essentially making it harder to post and comment on Superstonk, and then rewarding loyal apes with approvals that allow them to post or comment without any restrictions.
|
||||
|
||||
- Therefore, I am convinced this will make [r/Superstonk](https://www.reddit.com/r/Superstonk/) a better experience for true apes, while making it a nightmare for the imposters and shills.
|
||||
|
||||
*Please note that Satori does not have access to private chats, discords, or other private aspects of your account and it is currently limited to Reddit. We only scan publicly available content as well as what can be seen from a moderator perspective, which primarily includes removed posts and comments. We respect your privacy, and are merely utilizing the same levels of intel used against us to even the playing field.*
|
||||
|
||||
[](https://preview.redd.it/broy2hwpck271.jpg?width=750&format=pjpg&auto=webp&s=a4e50c469e37c5bb980c02927d5ed0bb10f0b761)
|
||||
|
||||
Shillpocalypse (by u/grungromp)
|
||||
|
||||
With two new admin-level mods to help keep oversight, and with such an incredible software creation by the Satori team, we are poised to not only defend against the constant FUD, shills, and MOASS popularity, but also to remain a secure and reliable source of knowledge sharing - forever.
|
||||
|
||||
I don't want to say we will never end up like [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) ... but we'll never end up like [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/). Satori is the first of many projects that utilize modern technology to advance our capabilities as a subreddit. I am excited for some of the other projects already in the pipeline. Stay tuned - this is definitely as exciting as it sounds.
|
||||
|
||||
Latest News You May Have Missed
|
||||
|
||||
- [Voting Information](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) - You can VOTE with your GameStop shares for the upcoming shareholder meeting on June 9th. The final deadline to vote is June 8th.
|
||||
|
||||
- [Official AMA Question Thread](https://www.reddit.com/r/Superstonk/comments/np7tmd/official_ama_question_thread_for_lucy_komisar_and/) for Lucy Komisar and Wes Christian - Wednesday June 2, 2021 at 4:30 PM Eastern
|
||||
|
||||
- New Awards:
|
||||
|
||||
- [The Superstonk Award](https://www.reddit.com/r/Superstonk/comments/nlz1ph/the_superstonk_award/) - Can be gifted by any member for 500 coins (sub receives 100 coins)
|
||||
|
||||
- Moderator Award: [Not-A-Cat Golden Bananya Award](https://www.reddit.com/r/Superstonk/comments/noex1z/announcement_new_community_moderator_award/) - Can be gifted only by moderators for 1800 sub bank coins, which gives the recipient Premium (700 coins per month, plus perks.
|
||||
|
||||
To the Moon!
|
||||
|
||||
I hope you all had a great weekend and a great Memorial Day holiday. Let's pack our bananas and buckle up, because this rocket is starting to smell a LOT like rocket fuel. I still haven't sold a single share of $GME, and I plan to HODL until Andromeda.
|
||||
|
||||
Let's also remember to be kind to each other. Ape not fight ape. Apes together strong!
|
||||
|
||||
We're almost there. Let's go 🚀🚀🚀
|
||||
|
||||
[](https://preview.redd.it/za5vhcbupk271.jpg?width=3840&format=pjpg&auto=webp&s=a34e38a843f573c5b4ec4b5d615567fa7b92f81b)
|
||||
|
||||
Art by YoungbloodAA
|
||||
|
||||
TL;DR: [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) and [u/Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/) are now Full Permissions mods. Karma and Age limits are going way up, but basically Shillnet is approving users in periodic waves based on behavior over the past few months. Approved users bypass karma/age limits entirely. Sub is secured for MOASS. Pack your not-a-cat bananyas.
|
||||
|
||||
---
|
||||
|
||||
## Satori FAQs
|
||||
Howdy apes! [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) here! As the Ape-bassador, it brings me real joy to see how excited everyape is about this. I can assure you, the mod team is equally excited. This new endeavor has a lot of potential, and I cannot wait to see it in action. That being said, the point of this sticky comment is to answer some of the questions (paraphrased) apes are having about Satori. I will be updating this sticky comment as I find more questions to answer. 🙏
|
||||
|
||||
E: spacing; potnetial->potential
|
||||
|
||||
Q: I haven't been approved yet, does that make me a shill?
|
||||
|
||||
A: No, ape, it does not. Satori is approving apes in waves, and likely has not gotten to you yet. Just hodl on and all will be well.
|
||||
|
||||
Q: What if the new bot overlords get carried away?
|
||||
|
||||
A: I also fear potential technological overlords, fellow ape! Because of this, I asked the dev team for a LOT of clarifications on function, method, and execution. Obviously I can't say too much, but please have my assurance that the mod team is able to turn it off any time. Additionally, mods are able to prompt it to do things, or prevent it from doing things, or even undo things it has done. Again, anytime mods feel it is required.
|
||||
|
||||
Q: How long will it take Satori to get through the waves of approvals?
|
||||
|
||||
A: Sorry, fellow ape, you'll just have to be patient. Mods played this one close to the vest for a reason, and to give away extra info now would be counter-productive.
|
||||
|
||||
E: > -> ?
|
||||
|
||||
Q: Does Satori work retroactively or will it just look at the content on Superstonk moving forward?
|
||||
|
||||
A: Yes. Both. Satori looks at ALL publicly available posts and comments on the sub.
|
||||
|
||||
Q: How does approval work? Do I need to do anything?
|
||||
|
||||
A: Just sit back and relax. Approval will come automatically; no action is required.
|
||||
|
||||
Q: Why was Satori approved without unanimous approval from the mods?
|
||||
|
||||
A: This is a fair and honest question, and I believe apes deserve to know the answer. The final vote tally was 10 for; 0 against; 2 abstain. Unfortunately, sometimes IRL events prevent mods from voting (decisions need to be made in a timely manner, after all), hence why not all mod votes are accounted for.
|
||||
|
||||
Q: What if my karma/age requirements are already high enough, do I still need to be approved? What if I do not receive approval, does that mean I get banned?
|
||||
|
||||
A: The approval process is to allow apes without the karma/age requirements the ability to participate in the sub. If you already have the required age/karma, AND if you do not get banned, there is nothing to fret over. Just carry on like Satori isn't even there.
|
||||
|
||||
Q: What sort of transparency exists between mods for how Satori is used?
|
||||
|
||||
A: All mods have access to the equivalent of a mod log for Satori. We can all see what actions it, and each other, take.
|
||||
|
||||
Q: Will Satori continue monitoring users after they have been approved?
|
||||
|
||||
A: Yes. Yes it will.
|
||||
|
||||
Q: If Satori is going to be banning users, should we expect to see a drop in membership?
|
||||
|
||||
A: This is entirely plausible, though the number of bans would have to exceed the number of new apes coming in daily. Don't be surprised if there is a dip, but also don't be surprised if there is not.
|
||||
|
||||
Q: Can mods release info on the actions taken by Satori, like how many users were approved, how many users were banned, how many posts were deemed FUD-y, etc.?
|
||||
|
||||
A: ~~I'm honestly not sure, but as I have mentioned in the comments, I'll speak with the dev and mod teams tomorrow and see if this is possible without spoiling the magic. Stay tuned~~. The dev team is meeting next Tuesday to review their first week of results. I won't have any additional info regarding this question until then. Stay tuned.
|
||||
|
||||
Q: Is the requirement age AND karma, or is the requirement age OR karma (whichever is greater)?
|
||||
|
||||
A: ~~I'm honestly not sure. I've never had an issue with either of those factors, personally, so I never bothered to look into it. I'll update this answer once I find out from one of the more experienced mods~~. This is an AND scenario. Apes must have the necessary age AND karma requirements to comment/post. Lacking either will result in automod action unless the ape has been approved by Satori already.
|
||||
|
||||
Q: How do I know if I am approved?
|
||||
|
||||
A: Apes will receive a notification saying as much.
|
49
00-Getting-Started/2021-06-04-Ape-Security-Protocols.md
Normal file
49
00-Getting-Started/2021-06-04-Ape-Security-Protocols.md
Normal file
@ -0,0 +1,49 @@
|
||||
Ape Security Protocols
|
||||
======================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/redchessqueen99](https://www.reddit.com/user/redchessqueen99/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nsgv3d/ape_security_protocols/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[🙌💎 Red Seal of Stonkiness 💎🙌](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=1)
|
||||
|
||||
It has come to my attention that several members have been the targets of hacking attempts. If you notice edited or deleted posts on your account, or cannot login, this is likely a sign that you have been the victim of a dastardly shillfiltrator.
|
||||
|
||||
This is possible due to someone logging into your account if it has a weak password, having clicked mysterious links, or other creative methods utilized by bad actors. Therefore, I am writing some quick security tips for moving forward.
|
||||
|
||||
[010101ook1010011ookook](https://preview.redd.it/pcpakt2xmb371.png?width=640&format=png&auto=webp&s=02d9efc0b74e6037456174a9bb2401110736f822)
|
||||
|
||||
Here are some tips for keeping your account secure:
|
||||
|
||||
1. Use an email or Google/Apple account that does not match your username. Your username is public, so remember that anyone can enter it just like you, or add ["@gmail.com](mailto:%22@gmail.com)/@appe.com" and either try to guess your password, or use a program to make attempts.
|
||||
|
||||
2. [Enable TFA / 2FA (Two Factor Authentication)](https://www.reddit.com/r/announcements/comments/7spq3s/protect_your_account_with_twofactor_authentication/) with your reddit/Google/Apple account; this will require you to link your account to an email, phone number, or authenticator app, and any logins will require typing in a text/email/authenticator code to login. If someone tries to use this, you will receive the notification and become aware of the attempt immediately.
|
||||
|
||||
3. Be very careful with messages received via reddit messages, chats, and especially links sent to you. These can be very dangerous as they can take you to fake sites or track your IP address. We also know that, because bad actors cannot post or comment, they switch to chats/messages, which we cannot track or moderate. You should consider any private message to be potentially suspect moving forward.
|
||||
|
||||
4. Use a [VPN service](https://www.pcmag.com/picks/the-best-vpn-services) (ProtonVPN / NordVPN / others, please do your research on best option); VPN's basically turn your internet connection from YOU---REDDIT into YOU---VPN---REDDIT, so any attempts to track you are filtered through a middleman server. The best VPNs are available for a modest monthly or annual cost; you can also use the browser Tor for a crowd-shared VPN of sorts.
|
||||
|
||||
5. Finally, make sure your password is complicated enough so that hacker programs cannot easily crack them. For example, do not use "password123" or even "ilikethestock" but rather "MoNkE2021StOnKsGoUp4p3$t063th3r$tr0n6" - make them work for it. Every second we waste is a second we gain.
|
||||
|
||||
6. If all else fails, and you find yourself a victim of hacking, you will need to resolve through reddit. You can [recover a username](https://www.reddit.com/username) or [get more information about security](https://reddithelp.com/hc/en-us/sections/360008917491-Account-Security), but also you can [contact reddit admins for assistance](https://www.reddit.com/contact/).
|
||||
|
||||
Why would they target us?
|
||||
|
||||
Does this really need an answer? We are exposing their dirty laundry for the world to see. Therefore, it is cost-effective for them to spend money on professionals to try and destabilize the sub. Additionally, many trolls and bad actors exist on reddit who would love to see us break apart and fall. Our Approved Users list can also be discovered and they may be targeting our Satori-sanctioned apes in an attempt to undermine its use.
|
||||
|
||||
Therefore, we all need to be extra careful, especially with the MOASS impending. I would not forgive myself if I was lazy in regards to keeping you all informed and protected. As mods, we truly understand the importance of your safety and protection, and this is why we are working diligently to keep your educated on the dangers and to implement new technology in an effort to counter their attacks.
|
||||
|
||||
Please leave comments if I missed anything and I will try to make sure I see it and update this post.
|
||||
|
||||
Let's make sure the rocket isn't sabotaged. *Moon soon.*
|
||||
|
||||
[o7 fly safe, fellow apes](https://i.redd.it/lmov6v9mmb371.gif)
|
||||
|
||||
Edit: [u/FordicusMaximus](https://www.reddit.com/u/FordicusMaximus/) shared [this link](https://www.reddit.com/r/Superstonk/comments/nojpde/best_security_practices_for_protecting_self_and/)for additional security options.
|
||||
|
||||
Edit 2: [u/Gremayre](https://www.reddit.com/u/Gremayre/) provided [a comic on how password strength works](https://xkcd.com/936/).
|
||||
|
||||
Edit 3: [u/xfan10](https://www.reddit.com/u/xfan10/) shared this: Password managers should be mentioned like 1Password. You can use the password generator built inside of it. Can go up to 100 characters randomized. No need to remember it. To take it to the next level, Reddit supports Yubico/Yubikey which means you have to physically be next to the USB key to log in via finger touch. So people trying to login elsewhere will not work even if your password is 'password123'
|
@ -0,0 +1,55 @@
|
||||
Gary Gensler, 47%, Antitrust, and Yet Another Reason Why Citadel is Likely Irrevocably Fucked
|
||||
=============================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/JustWingIt0707](https://www.reddit.com/user/JustWingIt0707/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n84gzo/gary_gensler_47_antitrust_and_yet_another_reason/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
47%, Gary Gensler, Antitrust, and Citadel
|
||||
|
||||
Gary Gensler talked about a lot of stuff at the hearing earlier this week. The representatives generally focused on a lot of garbage, and they have justifiably taken a lot of shit from this community for their piss poor understanding of the things they are supposed to oversee. Lost in the gamification discussion was Gary Gensler talking about market concentration and Citadel how 47% of all retail order flow is routed through Citadel. This is a serious issue, and it is one that can be resolved through one of the Commissions established by Congress, for example: the SEC, but it can also be referred to the Department of Justice, Antitrust Division or the Federal Trade Commission.
|
||||
|
||||
Why This Guy?
|
||||
|
||||
Before I go any further, I used to be an employee of the one of these last two federal agencies, and I happen to have a bit of expertise in the subject matter I am about to talk about. Other things I might be blowing smoke out my ass, but I'm trying my best to educate, inform, or otherwise support my fellow apes. I am willing to provide my resume and identity to the mods, but I prefer to remain otherwise anonymous.
|
||||
|
||||
An Extremely Brief History of Antitrust in the US
|
||||
|
||||
There are 3 main laws that govern Antitrust Law in the US. They are the Sherman Antitrust Act(1890), the Federal Trade Commission Act(1914), and the Clayton Antitrust Act(1914).
|
||||
|
||||
The Sherman Antitrust Act outlaws restraints of trade or commerce, and declares people who monopolize or attempt to monopolize or conspire to monopolize in violation of a felony. The first part is a civil violation and the second part is a criminal violation involving jail time and financial penalties, and it is per se illegal, or by even agreeing to be part of a conspiracy to restrict a market a person is in violation of a felony. There's a lot of nuance and practical considerations to how judges and juries find in these cases. One of the first antitrust cases was brought against a labor organizer. It is now considered to be a vast misapplication of the law.
|
||||
|
||||
The Department of Justice was deemed to be insufficient to deal with fast moving technology in the early 20th Century, and so Congress passed the FTC Act to get expert engineers and scientists into an agency with lawyers---to be better able to enforce the law. The Supreme Court has ruled that every violation of the FTC Act is also a violation of the Sherman Antitrust Act. The FTC can unilaterally impose monetary penalties, where the DoJ has to go through the courts for everything. The FTC still needs to bring criminal prosecutions to the federal courts.
|
||||
|
||||
The Sherman Antitrust Act had the unintended consequence of causing companies to merge in order to avoid prosecution. The Clayton Act barred several items: price discrimination between purchasers if such discrimination lessens competition, sales on the condition that the buyer or lessee not deal with the competition of the seller or lessor or requiring the buyer to purchase another product on the condition that this not lessen competition, mergers and acquisitions that substantially lessen competition, and barring a person from being a director on the board of two or more competing firms. The key here is "lessen competition," and how that has been defined in the modern era.
|
||||
|
||||
We can more or less ignore the FTC Act, and the Clayton Act matters, but only tangentially. It is however a significant tangent.
|
||||
|
||||
Enter Robert Bork. [Get a Load of This Mug](https://upload.wikimedia.org/wikipedia/commons/d/d8/Robert_Bork.jpg) That's right. That Robert Bork. Nixon's Solicitor General, later federal judge, and then blocked from being on the Supreme Court due to being too extreme. He argued that the goal of antitrust law should be to protect consumers, because consumers are inherently foolish. So the consumer harm standard of antitrust enforcement was adopted. This implies that the harm to competition, the competitive process, can be observed through the effect on prices that consumers experience. This is still how antitrust law is enforced today.
|
||||
|
||||
Great, But How Does That Do Anything For Us?
|
||||
|
||||
In the short run, it probably does nothing. Antitrust matters move at the pace of the commissions and the courts, but buy and HODL, amirite?
|
||||
|
||||
This is a little heavy reading on how Antitrust cases are evaluated. <https://www.justice.gov/atr/horizontal-merger-guidelines-0>
|
||||
|
||||
Important notes not contained here: in order to prosecute a case for monopoly in order to break up the company there needs to be market power and abuse of dominance. Typically, the courts are skeptical of market power when a company controls less than 60% of a market. Control of market share is not enough. Due to the consumer harm standard, in order to prosecute monopoly or abuse of dominance harm to consumers must also be shown.
|
||||
|
||||
But how does this relate? Well... In comes market concentration, a popular proxy for how concentrated markets are already. The Herfindahl-Hirschman Index (HHI) is a measure of market concentration. It is calculated by squaring the market share of the market participants and summing them. A market with an HHI of 1800 or greater is considered to be highly concentrated. Using that 47% figure that Citadel touts-and no one else's share, the HHI for retail routed orders is 472 = 2209. That market is already there without the other 53% of the market included. This only matters in the event of merger and acquisition, however. There's another key point here: Payment for Order Flow.
|
||||
|
||||
By paying for order flow, Citadel may be changing the market definition in a couple of ways. The first is, they are the consumer of retail orders from brokers, and they are a dominant player in the buying side of this market. They might be foreclosing other wholesalers out of this market and exerting monopsony power or undue influence over the market through purchasing. The other way they could be messing up is through purchasing all of any given broker's order flow. By doing this, Citadel has given consumers in the market no choice of order routing, and they are monopolizing broker routings. There is huge potential for profit taking internally here, because the price that consumers see is rounded to 2 decimal places, but as we all learned with the 32 bit integer issue and Berkshire-Hathaway, the price is actually calculated out to 4 decimals. Citadel could buy up your order flow at the 4 decimal price, match against the other end of a trade, and take 2 decimals of profit on every order.
|
||||
|
||||
On top of that, Citadel knew about these anti-competitive issues associated with payment for order flow as early as 2004. They specifically commented against them. <https://www.sec.gov/rules/concept/s70704/citadel04132004.pdf> There is no way for them to say they did not know about the harm they were causing and continue to cause as they caused it and continue to cause it.
|
||||
|
||||
Any of the above could be construed as an abuse of a dominant position, harm to consumers, if not monopoly or monopsony. This could result in $100M fines per day that these could be demonstrated. If Ken Griffin is implicated through documentation or other evidence personally, he could face a fine of $1M and up to 10 years in jail.
|
||||
|
||||
Citadel is likely irrevocably fucked, whether or not they survive the MOASS, whenever it comes.
|
||||
|
||||
Edit: TL;dr: A mentor told me I should try to be able to explain it to a 5 year old.
|
||||
|
||||
By paying brokers for your order, my order everyone's order to go through them, Citadel has been doing something that isn't fair and is against the law. They knew it was against the law and unfair. Ken Griffin could face jail time if it can be proven that he knew about some of the problems they were causing.
|
@ -0,0 +1,45 @@
|
||||
Wise apes really aren't lying when they tell you this is a once in FOREVER opportunity. It MUST not be fucked up, and everyone but the shorts will benefit 🙌💎🚀
|
||||
=================================================================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Broviet](https://www.reddit.com/user/Broviet/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n9n36z/wise_apes_really_arent_lying_when_they_tell_you/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
Howdy, apes and apettes. It's been a while! Not sure how many of you will remember me from our prior subreddit's glory days, but with the exceptional DD being put forward by the likes of [/u/atobitt](https://www.reddit.com/u/atobitt/), [/u/jsmar18](https://www.reddit.com/u/jsmar18/), and attention from [/u/dlauer](https://www.reddit.com/u/dlauer/) and Dr. T, my distant Wall St experience is no longer necessary. However, I did want to drop in with a quick dose of confirmation bias after this most annoying of Mondays. And that, of course, is to remind you of one of our months-old warcries that has since fallen out of favor: All shorts must cover.
|
||||
|
||||
I am well aware that, while most hands here have undoubtedly been forged into sheer impenetrability by now, brains so perfectly round are a little more difficult to pummel into the acceptance of fact. Every single-share buy routed through a dark pool. Every DTCC rule kicked down the road. Every shill post. Every threatening private message. Every congressional hearing where bushes aren't just beaten around, but are apparently nonexistent. Every Cramer meltdown. Every instance of Robinhood fuckery.
|
||||
|
||||
On their own, any of these things can and should be dismissed as inconsequential. Together, they are harder to stomach. But while I can't comment on the current state of affairs to the same level of depth or topicality as someone like [/u/dlauer](https://www.reddit.com/u/dlauer/), I did spend enough time on the Street to be able to assure you that all of this is happening for a reason.
|
||||
|
||||
These are the death throes of a doomed way of doing business. As you all well know by now, the big boys on the other side of this trade have a nigh-incomprehensible amount of Fuckery Implements. What you might have also picked up on, and why we are all still here diamond-dicking the ultimate circle-jerk of solidarity, is that none of these tools, or any combination thereof, can or will extricate shorts from their positions. These are all tools of avoidance. Prevention. Ensuring that such a situation is minimized. Ensuring that such a situation is avoided in the future. But that's it.
|
||||
|
||||
There are no rulings or tools or deception or FUD that will undo what they've done. I understand it's counterintuitive to think that, because even amongst old Finance colleagues I've spoken to, the prevailing sentiment is disbelief. "How could they be that stupid, even if they thought it was a sure thing?" Indeed. And yet here we are.
|
||||
|
||||
And since I'm here writing a post already, let's also take a moment to dispel the notion that there is precedent for the SEC/Government stepping in to "shut this down". If Burry, Baum, Brownfield, or the perennial favorite Greg Lippmann (I'M JACKED TO THE TITS) could've been shut out, they would have. They're legends now, but at the time, they had no more clout in the industry than any ape, realistically.
|
||||
|
||||
I do truly find it endearing that so many people here are still willing to theorize about specific date targets, and I no longer criticize this because I really do believe diamond hands will prevail no matter what, and that not even a never-ending hype cycle will stop apes. However, I must remind you to be patient. Stay just as angry, hungry, and determined as you are, but also be patient. Because while they can knock this down, drag this out, kick the can, punt the baby, defenestrate the roomba, they CANNOT get out. If there was a way out, they would've taken it long before retail interest reached a fever pitch. Since the end of grandfathering in 2008, there are simply zero legal options to resolve this that don't end in catastrophic and permanent lack of faith in our markets. Unless. Apes. Sell. So......don't? 😁
|
||||
|
||||
One last thing:
|
||||
|
||||
It seems a particularly popular form of FUD these days to harp on "how bad this will be for the average citizen". I'll dispense with most of the traditional responses to this. "DTCC has insurance", "It's not that expensive with geometric mean", etc. The impact on the average citizen will be nowhere near as great as the average shill or hedgie would have you believe, as there's not a legitimate housing crisis underpinning the entire goddamn thing and we're not offloading garbage on sovereign wealth funds. It's Gamestop, for god's sake. But I digress. Let's pretend for a moment that it is as bad as they say.
|
||||
|
||||
Let's pretend for a moment that the Fed printer goes BRRRRR and the American public is on the hook for...let's say....4 trillion. A nice 5m+ per share exit. So....roughly twice that nothing stimmy we just got. Roughly what we've printed this year already. Sure, retirement portfolios will take a hit. For most people not right at retirement age, the ensuing rebound will square their portfolios, and for those that can't wait it out....well, their community/region is now flush with tens/hundreds/thousands of apes looking to help out. But the most important thing, by far, is that the cycle of bullshit goes away. This kind of scenario HAS to happen in order for the general public to be protected from themselves. A set-it-and-forget-it 401k is always going to be the primary bagholder in these situations, and only one bad enough for Wall St will scare them into behaving even REMOTELY responsibly.
|
||||
|
||||
TLDR: The squeeze is inevitable. The only steps that would prevent said squeeze:
|
||||
|
||||
- Have never been taken before.
|
||||
|
||||
- Would annihilate global faith in our markets, likely forever.
|
||||
|
||||
- Will. Not. Happen.
|
||||
|
||||
Those living in abject fear (the shorts) will do their absolute worst to shake your faith. With their considerable resources, a lot will seem scary. It isn't. Because you've already won. And this is what's desperately needed to protect global retail investors from this type of predatory behavior. Only when a "revered" firm of sociopaths gets curbstomped back to the fundraising stage by retail will this level of fuckery be ameliorated.
|
||||
|
||||
Stay strong, stay mad, stay vigilant, you beautiful, stupid, stupidly beautiful mother fuckers. As the immortal Penguin Prison said [the first time around](https://youtu.be/LxfZRd9R4VI), "YOU GOTTA SQUEEZE, SQUEEZE!" See you on the other side. 🙌💎🚀❤
|
||||
|
||||
YOU FUCK WITH MY MONEY, AND YOU'LL BE SORRY!
|
@ -0,0 +1,34 @@
|
||||
FLASH CRASH WARNING - 4000 6/18 300 puts bought last friday, 1000 were exercised on monday to cause the end of day mini-crash
|
||||
=============================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/trust-theprocess](https://www.reddit.com/user/trust-theprocess/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nmxze3/flash_crash_warning_4000_618_300_puts_bought_last/) |
|
||||
|
||||
---
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
As the DD has shown they use ITM puts as an expensive last resort to drop the price. Those 4000 puts cost over 51 million.
|
||||
|
||||
This is by far the highest open interest for any ITM put in the entire option chain
|
||||
|
||||
They may unload the remaining 3000 to try bomb the price down before these mass amount of calls expire ITM today, and so there isn't a 3 day weekend of FOMO buildup.
|
||||
|
||||
Do not set stop losses
|
||||
|
||||
* * * * *
|
||||
|
||||
Edit: Well damn I had to go out right after posting this and came back to it being the top post on the sub, lmao
|
||||
|
||||
Want to address this:
|
||||
|
||||
How do ITM puts drop the price?
|
||||
|
||||
I see a lot of people asking this, I read it in [this DD](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/), basically all options put pressure on the price, calls = upward pressure (see January gamma squeeze), and puts = downward.
|
||||
|
||||
How does it go down if the strike they're exercising is higher than the stock is trading and someone has to buy it from you at 300? The same way it goes up when ITM calls are exercised at a lower strike than the current price and someone has to sell it to you at 200. What are the mechanics that make it work that way? I have no idea, I'm as retarded as the next ape
|
||||
|
||||
They also use OTM puts to hide the SI% which can be seen when they have to report to FINRA, and they use ITM calls to satisfy FTDs which has been part of the T+21 cycles. They've been abusing options to manipulate and kick the can from the beginning.
|
||||
|
||||
I'm not sure if that exact date+strike was used today, but quickly looking over the chain for all dates it looks like hundreds of them have been exercised since yesterday just among the top 10 highest OI ITM puts $300 or higher
|
@ -0,0 +1,105 @@
|
||||
Margin calls, forced liquidations, and estimating Melvin's short position!
|
||||
==========================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/yamayakuzaki](https://www.reddit.com/user/yamayakuzaki/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/nod4sg/margin_calls_forced_liquidations_and_estimating/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[𝗗𝗶𝘀𝗰𝘂𝘀𝘀𝗶𝗼𝗻](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%97%97%F0%9D%97%B6%F0%9D%98%80%F0%9D%97%B0%F0%9D%98%82%F0%9D%98%80%F0%9D%98%80%F0%9D%97%B6%F0%9D%97%BC%F0%9D%97%BB%22&restrict_sr=1)
|
||||
|
||||
EDIT 4- I apologize in advance if any apes have seen this on the other sub. I realized I cannot cross post, and was advised to create a new post, so here it is.
|
||||
|
||||
I'm seeing a lot of Apes assume that "When Marge comes calling, Team Shitadel will be forced to cover". This is not entirely accurate, and here's a post to help Apes understand how Margin calls work. Also, scroll down to Edit 2 and Edit 3 for my ballpark of how many shares Melvin shorted on Jan 25.
|
||||
|
||||
Margin calls are not necessarily always going to result in shorts covering
|
||||
|
||||
While margin calls CAN lead to shorts having to cover, this only happens in one of two scenarios:
|
||||
|
||||
1. the short seller voluntarily chooses to close their position because they do not have the funds to increase their collateral requirements
|
||||
|
||||
2. the short seller cannot fulfill its collateral requirements (defaults) and the lending broker takes the short seller's collateral and if required, any other assets owned by the short seller, liquidates it, and goes out to the market to buy back the share
|
||||
|
||||
If the short seller is able to post sufficient collateral when they get margin called, nothing happens. They do not cover.
|
||||
|
||||
How does a margin call actually work?
|
||||
|
||||
To short a stock, you need to borrow it. To borrow it, you need to post your initial collateral (which is typically 150% the value of the short sale at minimum...) and pay those insanely low borrowing fees. Let's ignore the borrowing fees and why they're so low and focus on the collateral aspect.
|
||||
|
||||
If and when the current stock price increases over the initial collateral amount each day, you face a margin call and are asked to close the position or increase your collateral (maintenance collateral) based on what the maintenance margin is (which ranges from 25% - 40% depending on the broker, but typically 30% on the NYSE) together with the total current value of the short sale value. I'm seeing margin requirements for RETAIL going up to 300%, but afaik, institutions are still at the 25% - 50% range.
|
||||
|
||||
Initial collateral posted for short sales is short sale value + margin requirement
|
||||
|
||||
So let's say, purely as an example (they very likely shorted WAAY more than this example), Shitadel initiated a short sale for 1,000,000 shares when it was at $40. The initial collateral required was short sale value + margin requirement, or $40 x 1m = $40m + 50% of $40m = $60m posted to the lending broker. This example also assumes they did NOT continue to add more shorts (which we know they did), or naked short (as naked shorts don't require collateral and are a whole different discussion).
|
||||
|
||||
As and when the stock price increases, Shitadel needs to deposit additional margin (the Margin call) if the total margin requirement is more than the existing collateral. If they can't do that, they can choose to voluntarily close their short position, or get force liquidated.
|
||||
|
||||
It's not WHEN Shitadel gets margin called. They already got margin called many times. It's when they can't meet the collateral.
|
||||
|
||||
This is not a one time thing - it happens EVERY TRADING DAY the price rises to the point where collateral needs to be increased. Shitadel has been margin called multiple times since the time the stock price was $40. They've just been able to either bring the stock price down so they don't need to post as much collateral, or they've liquidated assets to meet collateral. Let's look into this a little bit more.
|
||||
|
||||
After the initial collateral, maintenance collateral is calculated as short sale value (based on current price) + maintenance margin requirement
|
||||
|
||||
(let's use 30% as the maintenance margin for example).
|
||||
|
||||
When the price went up to $45, the total margin requirements for Shitadel were $45x1m = $45m + 30% of $45m = $58.5m, so they wouldn't have got margin called since the requirements are still less than the initial collateral of $60,000.
|
||||
|
||||
When the price went up to $50, the total margin requirements were $50x1m = $50m + 30% of $50m = $65m. They would have gotten margin called for the difference of $65m - $60m = $5m.
|
||||
|
||||
Fast forward to when the price went up to $277 ish ... the total margin requirements were $277x1m = $277m + 30% of $277m = $360.1m.
|
||||
|
||||
At this point, Shitadel would have had 5 days to meet that margin requirement (by liquidating other assets including crypto), or try to push down the stock price to a more manageable level.
|
||||
|
||||
Shitadel gets money back if the price goes lower than what the initial short sale value was
|
||||
|
||||
If the short sale value decreases (which is what the short seller was banking on) relative to what the share value was when the short sale was initiated, margin requirements also decrease, and they get money back.
|
||||
|
||||
So taking the initial example where Shitadel shorted 1,000,000 shares when it was at $40, if they were successful in dropping the price to $20, the margin requirement would have been $20 x 1m = $20m + 50% of $20m = $30m and they would have gotten $60m - $30m = $30m back. (whenever price falls, short sellers are required to have an additional 50% additional margin instead of the maintenance margin of 25-40% when price increases).
|
||||
|
||||
What does this all mean?
|
||||
|
||||
Well, it means that the margin call resulting in Shorts having to cover will only happen when the price of GME increases to the point Team shitadel would not be able to post the additional required collateral. This is not one magical price, but one that could be triggered in a domino effect, like countless DDs have speculated, where the smallest SHF gets forced to cover, share price increases, forcing the next SHF down the line to cover etc....all the way to the point where ALL SHORTs run out of funds to cover, upon which the responsibility goes to the lending broker, and then up the chain all the way to the DTCC and their insurance.
|
||||
|
||||
That's why we see them trying so hard to keep the price down so they can keep their collateral requirements "manageable", and days where the entire market (and crypto) are red because they need the liquidity to satisfy maintenance margin.
|
||||
|
||||
Short positions opened recently
|
||||
|
||||
The above examples all use shorts opened $40 and below. As we all know and speculate, team shitadel's also opened short positions ABOVE $40, but the concept still applies. They'd still have to post the collateral and maintain the margin requirements as and when the price fluctuates, and IF AND ONLY IF they can't meet that margin requirement, the collateral is used by the lending broker to go out to the market to buy a share back to close the position.
|
||||
|
||||
EDIT: The obligatory link that apes like. [See here](https://www.tdameritrade.com/retail-en_us/resources/pdf/AMTD086.pdf) - this document is from TD Ameritrade called the Margin Handbook and describes margin, margin requirements, and margin calls in detail.
|
||||
|
||||
EDIT2: [u/lvprentiss9](https://www.reddit.com/u/lvprentiss9/) asked a question in the comments about Melvin getting their $2b+ cash infusion. This gave me an interesting thought. We can estimate Melvin's short position as of that date. Not exact of course, just a ballpark to get a feel for what we're talking about here.
|
||||
|
||||
SPECULATION TIME
|
||||
|
||||
- After the trading day on Jan 25, Melvin reported receiving a cash infusion of $2.75 billion. The stock price closed at $76.79
|
||||
|
||||
- The previous closing price on Jan 22 (before the weekend) was $65.01. So between these two days , the collateral required for Melvin not to get margin called and default would have been whatever they already posted for collateral as of Jan 22 (when the price was $65.01) + $2.75 billion.
|
||||
|
||||
Jan 22 - the total collateral required would have been 1.3x 65.01x # shorted shares, or 84.513 x # of shorted shares
|
||||
|
||||
Jan 25 - the total collateral required would have been 1.3x76.79 x # shorted shares, or 99.827 x # of shorted shares
|
||||
|
||||
The above is assuming their lending brokers charged them 30% of the short sale value. could have been more, or could have been the FINRA minimum of 25%, but 30% is pretty standard. We don't care about when Melvin opened their position, or at how much...we just know that from Jan 22 - Jan 25, they had to increase their collateral or risk defaulting.
|
||||
|
||||
So Jan 25's 99.827 x # of shorted shares minus Jan 22's 84.513 x # of shorted shares = 15.314 x # of shorted shares. This is the delta that required that 2.75 billion cash infusion.
|
||||
|
||||
What do we get when we solve for # of shorted shares? 2.75 billion / 15.314 = 179,574,245.79 shares shorted.....Melvin alone shorted the entire float and the shares outstanding MANY MANY times over..... since then, since we know they didn't cover, there could only be MUCH HIGHER shares shorted....especially when you add in naked shorts and regular shorts from other short sellers! This is not even accounting for the January squeeze as it's before that, and they could have been required to post even more collateral, or it could have been the reason RH and others prevented buying...regardless, this is speculation across two data points..
|
||||
|
||||
Edit 3: BUT WAIT, that's just a little too optimistic. GME is likely not Melvin's only short position
|
||||
|
||||
Exactly - 179M shares shorted is very optimistic, but gives you an idea. For years, GameStop was the no-brainer go to for short sellers, so it would be reasonable to assume GME would constitute a large portion of a short seller's position. Let's look at more conservative numbers:
|
||||
|
||||
1. If GME was only 25% of Melvin's total short position at risk of default, then it stands to reason that the 2.75 billion cash infusion was not JUST for GME....if 25% of the 2.75 billion was flagged for GME (and the rest for all of Melvin's other short positions at risk of margin default), then (2.75 billion / 15.314)x25% = 44.89m GME shares shorted. Which is more than the float. We also know Melvin was not the only short seller. So imagine this, multiplied across the many short sellers and add in naked shorts... it's no wonder they only reported the maximum allowable short interest back then (140%) and tried to hide those numbers since.
|
||||
|
||||
2. If GME was 30% of Melvin's total short position at risk of default, that would be $53.87m shares shorted.
|
||||
|
||||
3. If GME was 50% of Melvin's total short position at risk of default, that would be $89.79m shares shorted.
|
||||
|
||||
That's why I've come to the conclusion that even though my numbers are ballpark and that there is a possibility that not all 2.75 billion was put towards the collateral maintenance specifically for GME as of that date (they definitely would have needed it during the jan spike), it'd still be f'in high!!!
|
||||
|
||||
DISCLAIMER - I've made assumptions in these calculations, but I believe the theory behind it is sound/reasonable. Let me know what you think! Of course, this is an estimate and doesn't account for things like the 2-5 day margin call response period, or what happened after jan 25th, or whether Melvin needed the 2.75b to cover other short positions that are not gme or planned to keep part of the 2.75b to do other fuckery.
|
||||
|
||||
TLDR: Margin calls do not necessarily guarantee shorts having to cover. This only happens when they can no longer fulfill their maintenance margin requirements. I ballparked Melvin's short position on Jan 25th using these formulas. it's between 44.89m if you're conservative, up to 179.5 m if you want to be very optimistic!!!! Remember, this is only Melvin's short position....factor in ALL the other short HF's positions, and naked shorts...and this, fellow apes, is also one of the reasons why I am pretty zen like when i see the price fluctuate - it does not matter what the price is now...as one day, they will need to cover all these shorts and then fellow apes, we'll party.
|
@ -0,0 +1,88 @@
|
||||
The tables will turn
|
||||
====================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/isnisse](https://www.reddit.com/user/isnisse/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/np3cyg/the_tables_will_turn/) |
|
||||
|
||||
---
|
||||
|
||||
[Possible DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
Introduction
|
||||
|
||||
For the longest time I have been looking into historic data regarding the lowest price and the highest price for each trading day the past couple of months. I can confirm with this possible DD? (Correct me if not.) that the tables are indeed turning into our favor sooner or later.
|
||||
|
||||
In this analysis I will focus on why the data is confirming a breakthrough in upward momentum soon. Judging by the graph it is easy to see that the price has seen forced negative price action by HF's. My data is showing that they have limited recourses to press the price down, and its very telling by comparing the lowest price of the day, to the highest price of the day by using exponential regression.
|
||||
|
||||
To put it short. The floor is increasing, and nothing had worked for the hedge funds (Whoops Sorry not sorry Ken).
|
||||
|
||||
Disclaimer:
|
||||
|
||||
1. It is likely that I make a lot of spelling errors in this post. Feel free to correct me. Feedback is very much appreciated.
|
||||
|
||||
2. I am not a professional data analyst, nor am I claiming my points as objective truth, I'm simply an ape that like the stock.
|
||||
|
||||
3. It is entirely possible that it turns out to speculation. It would not surprise me, since GME have a record to be unpredictable. But it is fun to speculate, nonetheless. I therefor ancourage you to take this post with a grain of salt. Use this as you wish.
|
||||
|
||||
4. Keep in mind that I'm a Europoor. I use a European version of excel, that's why you see ","s where "."s should be.
|
||||
|
||||
5. I'm not that good at exceptional regression.
|
||||
|
||||
Goal:
|
||||
|
||||
- I wanted to compare the lowest price to the highest price from each day since feb 19th to see when the breakthrough is going to happen.
|
||||
|
||||
- I'm using exponential regression and comparing when the breakthrough is going to happened.
|
||||
|
||||
- The breakthrough could maybe indicate that the hedge funds are drying up, and cant keep the price down anymore (I want to hear what you guys think as well, so we all can become smarter)
|
||||
|
||||
Data collection:
|
||||
|
||||
I used data from [Yahoo finance, GME history](https://finance.yahoo.com/quote/GME/history/)
|
||||
|
||||
The reason I picked Feb. 19th as a start date is because it is the lowest the price since the spike in January (38.5$). I do not want to use pre-January data because it would not give a clear picture of the price suppression.
|
||||
|
||||
Since February 19th there has been 70 trade days (yes that long ago). As seen on the data and by looking at the graph it is easy to see that its not possible to push the price further down since then.
|
||||
|
||||
Outcast of the data:
|
||||
|
||||
[](https://preview.redd.it/44oo4fqzgg271.png?width=740&format=png&auto=webp&s=4c193dd9b6df07d9b66bae8d11ba8d0bcc3d6821)
|
||||
|
||||
I manually typed the numbers in. But I checked it twice and it seems like there aren't any typing errors.
|
||||
|
||||
Data input 1: Highest price for each day since Feb. 19th
|
||||
|
||||
[](https://preview.redd.it/ndacoud3hg271.png?width=2613&format=png&auto=webp&s=a7e5f212f9c22aec7cebff2ffee0e375eea45884)
|
||||
|
||||
It is a bit hard to see, but the floor is slowly rising exponentially, showing by the dotted line.
|
||||
|
||||
Important note: R^2 (a way to tell how reliable the numbers are) is only 0.2, i belive it is low because it indicate a organic upward momentum. Normal stocks are unprededible in their nature to some estenct. By looking into forced negative pressure it shows thats in not organic nor natural, therefor the R^2 regarding highest price for each day is closer to 1.
|
||||
|
||||
Data input 2: Lowest price for each day since Feb. 19th
|
||||
|
||||
[](https://preview.redd.it/w5zsp7h5hg271.png?width=2612&format=png&auto=webp&s=03bd2738196f6fd390a83dcfe90dc6fc4a6bbc04)
|
||||
|
||||
As seen, it is also rising at a steady pace, by a factor of 0.0038x more than the highest price for the day. Therefor the floor is getting closer and closer to the highest price. It indicates that we are keeping up regarding the forced negative price action.
|
||||
|
||||
Comparing data (Speculatory breakthrough date):
|
||||
|
||||
- "Highest" = From Highest price on x day
|
||||
|
||||
- "Lowest" = From Lowest price on x day
|
||||
|
||||
[](https://preview.redd.it/kuvl26ldig271.png?width=896&format=png&auto=webp&s=ad8e2ed65b9995cb78faacb7a1a3114dfdf722cc)
|
||||
|
||||
Datasets 1 and 2 + breakthough point
|
||||
|
||||
[](https://preview.redd.it/d29xspffhg271.png?width=543&format=png&auto=webp&s=4920baa7c6151b7b9ad3d4c5c0ddffecee54d535)
|
||||
|
||||
x = Day 78 y = Price
|
||||
|
||||
- Breakthrough = (78.28, 214.72)
|
||||
|
||||
As seen on the graph above it shows that the highest price will cross the lowest price on day x78, at price 214$. It indicate that the Hedge funds are drying up and cannot keep doing what they do.
|
||||
|
||||
Conclusion:
|
||||
|
||||
June the 10th is the day that the breakthrough is going to happen (accorting to exponential regression, dont take it as truth). It is day 78x as seen on the chart. The hedge funds do not have any more recourses to keep the price down and therefor the tables are turning into o
|
@ -0,0 +1,107 @@
|
||||
PRICE ACTION IS SHOCKINGLY similar to NOT ONLY the 2/24-3/10 runup, but also to the JANUARY run from $20 - $480. T+35 / T+21 elaboration.
|
||||
=========================================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/sharp717](https://www.reddit.com/user/sharp717/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nrud2r/price_action_is_shockingly_similar_to_not_only/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Possible DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
I'll start with the usual: I am not a financial advisor. I do not provide financial advice! Everything following this is opinion/observation. Much of my knowledge of the markets has been acquired through reading countless hours of DD posted by others in this sub.
|
||||
|
||||
I'm not one to buy into the echoed phrases of this sub... but I am in fact JaCKeD tO tHe TiTs!
|
||||
|
||||
OBLIGATORY - BuY & HoDl!
|
||||
|
||||
Now that that is out of the way, I would like to reference a few authors and their inspired DD that helped get me to this point of jacked tits. The below DD's are a must read if you have not already. I will attempt to summarize these briefly below.
|
||||
|
||||
[u/Criand](https://www.reddit.com/u/Criand/):
|
||||
|
||||
[1)](https://www.reddit.com/r/Superstonk/comments/ngru15/the_flurry_of_rules_before_the_storm_dtc_icc_occ/) The flurry of rules before the storm. GME might be hitting T+35 and T+21 next week
|
||||
|
||||
[2)](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/) Things are shockingly similar to the February 24th and March 10th runup
|
||||
|
||||
[u/myplayprofile](https://www.reddit.com/user/myplayprofile/) - I Got What You Quant ([Link](https://www.reddit.com/r/Superstonk/comments/nqzo1o/i_got_what_you_quant_6221_trading_analysis_and_a/?utm_source=share&utm_medium=web2x&context=3)) - this is just one of the authors DD's, but it goes into linear correlation which is now shifting to logarithmic correlation between GME & AMC prices. AND he explains how there is the possibility that AMC is being used by hedgefucks to hedge their GME losses.
|
||||
|
||||
_________________________________________________________________________________________________
|
||||
|
||||
This post is focused on [u/Criand](https://www.reddit.com/u/Criand/)'s DD, which enlightened me and many others as to what the fuck has been going on with the 21 day / 31 day FTD cycles.
|
||||
|
||||
Basically his DD ([1)](https://www.reddit.com/r/Superstonk/comments/ngru15/the_flurry_of_rules_before_the_storm_dtc_icc_occ/)) is the most accurate hypothesis that we have to date regarding the FTD cycles, and DD ([2)](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/)) shows how this theory is now supported by the price action seen on May 25th and in the following days.
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|
||||
Key Points:
|
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|
||||
- He clarifies the confusion around why the standalone T+21 day FTD cycles, which have been shown to cause price surges, do not act the same way as they did during the $480 run and the $350 run.
|
||||
|
||||
- Explains how the Feb-March $350 run was caused by a dual event of T+35 & T+21 day FTD cycles occurring in close proximity to one another (back to back trading days)
|
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|
||||
- Notes that the Feb 24th initiation of the run up to $350 was exactly 10 days before we peaked at $350
|
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|
||||
- He references [u/yelyah2](https://www.reddit.com/u/yelyah2/)'s DD, which shows how gamma neutral spikes on day 1 of the $480 and $350 price run ups, returns to normal for about a week, and then spikes up massively again, initiating the January and February Gamma Squeezes
|
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|
||||
Below is my furtherment of [u/Criand](https://www.reddit.com/u/Criand/)'s work all in one concise graphic which feels oddly like a child to me right now. Not sure if that is just because I have not really written any DD's before.
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|
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Please click the image to view it blown up and actually take in what is being laid out for you with my lovely computer crayons which I swear to god I don't eat... EVER.
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[](https://preview.redd.it/v8tmo6hdi5371.png?width=1287&format=png&auto=webp&s=9a7e70813852641f29b2e57d8fc64ea7f7b83f77)
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Transparent boxes represent the initiation of the combined T+35 / T+21 day price movements + 6 days (because it has only been 6 trading days since
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Notes:
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|
||||
- I am not sure why I called the $480 and $350 price run ups in the visual "Micro Squeezes", but thats what came to mind. Perhaps gamma squeeze is more appropriate given [u/yelyah2](https://www.reddit.com/u/yelyah2/)'s recent DD?
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- Yellow is micro squeeze 1
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||||
- Blue is micro squeeze 2
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- Pink is the past 6 days
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Alright folks. I have talked a lot about other peoples work, and given you a graphic. Now comes my value add.
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Key observations:
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|
||||
- Not only was it a 10 trading day ramp up from the February 24th initiation to $350 on March 10th, but it was also EXACTLY 10 TRADING DAYS between the January 13th initiation to the $480 peak on January 29th. My reason for calling this out specifically is that it strengthens the theory surrounding the combined T+35/T+21 day price movements, and helps us further establish that we could potentially go PARABOLIC AGAIN 10 trading days from 5/25 on JUNE 9th. Will they be able to stop us this time? Maybe it doesn't even matter if the do... See my next points
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- In the aftermath of the January "micro squeeze" the Dec-Jan price floor of ~$20 DOUBLED, and the new price floor was set at ~$40 between Feb 5th - 25th. In the aftermath of the Feb 24th - Mar 10th "micro squeeze" the price floor of ~$40 TRIPLED, and the new price floor was set at ~$120 between Feb 5-25. Given that the price floor doubled and then tripled after these two events, could we be expecting the new price floor of more than 3X $120? (That would be a price floor of $360+ for those of you who needed help there)
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- Edit to previous bullet. A wise ape suggested I un-jack my tits a bit, and he makes a fair point that "We can't assume that since it doubled in January from $20 to $40 and tripled in March from $40 to $120 that therefore the next floor must be more than 3x $120. What if the rule in the sequence is +20->+80->+140? Or what if +20->+80->+20->+80?" I have included this just to explicitly state that my question "could we be expecting the new price floor of more than 3X $120?" by no means is intended to say the price floor WILL triple again. I feel like this is a good point to say that this is speculation and theorization based on observation and nothing more. None the less, I am jacked to the tits.
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- The MACD line has literally only had significant crossovers ([golden cross](https://www.investopedia.com/terms/g/goldencross.asp#:~:text=What%20does%20a%20golden%20cross%20indicate%3F,under%20a%20short%2Dterm%20MA)) 3 times this year.
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- Event 1, Yellow ($480 run)
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- Event 2, Blue ($350 run)
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- Event 3, Pink (May 17th - today)
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Additionally, I have plotted trend lines for each of the events.
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- Event 1 (Yellow) we saw a 10 day increase of roughly 1,733%
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- Event 2 (Blue) we saw a 10 day increase of roughly 770%.
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|
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- 770 / 1733 = 44% or a 56% reduction in 10 day price increase, although the price was starting from a floor of $40 instead of $20.
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- 44% of 770% would be 338% starting from $120 which would mean a peak price of ~$405 in event 3, IF this short pattern continues exactly the same.
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- THIS PATTERN WILL NOT CONTINUE EXACTLY THE SAME.
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- I am only observing the trend of the current pattern. The sample size here is literally 2 events, albeit 2 very unlikely "coincidental" events. And I don't believe in coincidence.
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- The pattern will break for many reasons, but the main reason is that hedge fund manipulation literally cannot continue forever.
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- Once they get margin called its off to the races, and hopefully this event is the straw that quite literally breaks the camels back (Kenny G, you are the camel)
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|
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Oh yeah... forgot about this one. LOOK AT THE VOLUME. ITS LITERALLY FUCKING INSANE. MEDIA IS PUSHING AMC, KOSS, ANYTHING OTHER THAN GME AND YET WE HAVE RUN UP FROM $132 (April 13th) TO $290 WITHOUT A SINGLE TRADING DAY VOLUME GREATER THAN 21 MILLION. WE SAW VOLUMES OF MORE THAN 150 MILLION IN JANUARY. WHAT THE ACTUAL FUCK.
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|
||||
Alright guys. To summarize. We could be looking at going parabolic again on June 9th based on the pattern identified by the authors I mentioned above. The price action and technical signals are bullish as fuck. I fucking love all you mother fuckers who are holding this thing, and I will be holding till we can change the world.
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Last note. For dope technical analysis please check out the absolute man [Tradespotting](https://www.youtube.com/channel/UCI24I7XHA2yY4Fs-pVmplpA). I think this is his reddit [u/Frigerifico](https://www.reddit.com/user/Frigerifico/) and this is his [sub](https://www.reddit.com/r/tradespotting/). He's not some highly viewed bullshit youtuber. He's a genuine Scottish dude who is passionate as fuck about GME and is amazing at technical analysis. The dudes literally inspirational and will literally calm your fucking nerves about this whole thing. Literally.
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Trust the process Apes. See you in the far reaches of space.
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Edit: Formatting
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@ -0,0 +1,171 @@
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All Shorts Must Cover. They're Entering The Danger Zone. The SI Report Loop Consistently Brings Us Ever Closer To The Squeeze.
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==============================================================================================================================
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| Author | Source |
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| :-------------: |:-------------:|
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||||
| [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n792mf/all_shorts_must_cover_theyre_entering_the_danger/) |
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|
||||
---
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||||
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[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
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0\. Preface
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This is your daily hit of hopium. In this case maybe a full rip of it since I see many people discouraged about 002 - but there is no need to worry. I want to show you that apes are winning and shorts are losing. You hold, you win. (But please note I am not a financial advisor. I don't want you guys bitching at me if you YOLO it on deep OTM options expiring within 24 hours).
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It is my belief that we do not need ANY of the new rules for the MOASS to occur. These rules were created for the purpose of preventing future stocks from ever being in the same position that GameStop is in. Think of it as they're introducing rules to ensure that a January runup in another stock never occurs again post GameStop MOASS:
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- The DTCC will no longer have a 'pool' of collateral. Now the members will be hurting more and its easier to hit a margin call. High volatility up = 1 hour margin call from 801.
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||||
- No more delaying FTDs. The DTCC will catch any attempt at this and shut it down. Volatility from FTDs can't be suppressed = 1 hour margin call is easier to push through.
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||||
|
||||
- Positions will have much more visibility to the DTCC and risk always calculated. No more hiding from the margin calls during high volatility.
|
||||
|
||||
Again, all the bullets above are to prevent future stocks from squeezing. They never want this to happen again. Remember Tesla? It slow squeezed upward without any of these rules on a 15% SI. It's going to happen to GameStop eventually.
|
||||
|
||||
All I'm saying is don't get discouraged! Things can ignite literally any moment - and they will ignite, with or without the DTCC rules.
|
||||
|
||||
1\. The Price Floor Is Moving Towards The Danger Zone.
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||||
|
||||
On January 25th, 2021, Melvin received a total cash injection of $2.75 Billion. The price spiked to $159.18. So they were cutting it pretty close at that point - or at least, it was preemptive because Shitadel and Point72 knew things would spike a little bit more and this was to avoid the inevitable call from Marge. On another note, they absolutely hate the price of $350, which is where we saw the January and March peaks.
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||||
|
||||
So it's probably safe to assume that somewhere in the range of $160 and $350 is when our good friend Marge will give them a call. We can apply $160 here because that's around when Melvin got bailed out by his buddies, and them bleeding money over time could eventually make $160 the margin call price point. They can't continue this forever. And it shows. They are slowly but surely running out of time. How fast they are bleeding money? Eh, I don't know. I saw some linear predictions of the margin call price and that prediction could very well be true or very close to being accurate, but I'll leave it as a range for now instead of a "THIS IS THE PRICE TARGET WE'RE WAITING FOR!"
|
||||
|
||||
It's literally just a war of attrition while the apes have infinite supply of time as we approach and enter what I like to call the DANGER ZONE. Kenny G and his friends are on that highway right now and have been ever since January.
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||||
[](https://preview.redd.it/gbu7ar5tjsx61.png?width=1124&format=png&auto=webp&s=8e2738b89eddcb55aab7f9d9360a3ce887652c86)
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||||
Source: Ryan Cohen in Top Gun (1986)
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|
||||
You'll start to notice something wonderful when you look at the charts starting from January and ignore the trend downward but rather look at the trend upward. Your doubts should erase from your mind when you notice it.
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|
||||
GME did a very quick decay from the January spike, and then a very slow decay from the March spike. Felt like it was going down in price, and the shorties were winning, huh? So I'm just wondering - how would you have felt if this was the chart we saw instead? What if the price decayed really quick in March again and then settled around $120?
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[](https://preview.redd.it/zmb1diuvjsx61.png?width=955&format=png&auto=webp&s=625d759f8a4f7102e8af99aeaea5be2ccca67675)
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Hm. I'd feel completely different. Give me that sweet sweet hopium hit. It would have no longer felt like it was going down in price but continuing to rise in price. The slow bleed from around $220 to $160 sucked - though trusting in the DD certainly helped. Now, imagine that SAME squeeze pattern on top of the arrows I drew. Let the price decay quickly in your mind. See what's going on here?
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||||
I only needed to bust out one crayon 🖍️ from my mega 96-crayon pack for this chart. The price floor (blue line) is continuing to rise. Not only this, we're just now entering the DANGER ZONE!! (purple box). While it appears we are on a downtrend from looking at the decay in price from $220 to $160, GME is in fact going to higher and higher floors on these smaller and smaller bursts up. (FTD loop theory is right boys and girls, but I don't think it's been ironed out yet).
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[](https://preview.redd.it/o8ucx63yjsx61.png?width=978&format=png&auto=webp&s=0ea68935473a0d36925d0a973a1a3260af0e5d1e)
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||||
GME Price Floor Rising Into The Danger Zone
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|
||||
Well well well. The price floor continues to rise in this dampening effect of price peaks and troughs. It's not going down! It's already going into the GODDAMN DANGER ZONE! They are growing weak at trying to suppress the price. Their efforts can't contain it forever.
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||||
Now keep in mind, this is not to say that it is over once we're in the purple box. It is to say that the longer we stay in the purple box, the closer and closer we get to the margin call price. I can hold out for it - can't you? It's almost time for you to pick out your favorite lambo model.
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||||
Anything can kick this over the edge and finally trigger the MOASS without 002 and 801. We're already stable at the price that GME spiked when Melvin received their cash injection. It's really just a matter of time at this point, because their attempts to kick the price back down are dampening.
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||||
[](https://preview.redd.it/cx44pdr0ksx61.png?width=637&format=png&auto=webp&s=31d909e3f26e0eb8fd94bbde97688fb20ba776eb)
|
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|
||||
The longer this drags out, the higher the price floor becomes, until it kicks off.
|
||||
|
||||
- GameStop could find over 100% of their float voted and initiate a price spike, possibly through a recall.
|
||||
|
||||
- The entire market could tip just one way out-of-favor of the shorts, causing their margin price to drop.
|
||||
|
||||
- A long whale gamma squeeze can spike us into margin call territory long enough for the natural margin call (non-801) to occur.
|
||||
|
||||
- GameStop can slowly bleed upward until the critical danger zone price is hit with no other catalysts.
|
||||
|
||||
- Or perhaps, another FTD loop spike pushes GME over the edge. Let's investigate this to try to iron out the missing pieces of the FTD loop theory.
|
||||
|
||||
2\. Hello FTD Loop - Or Should I Say SI Report Loop
|
||||
|
||||
This isn't T+21 or T+35 or anything. But I think it might finally paint the picture of why we have theories ranging from T+13 to T+21 to T+35, and everything in between. We definitely have a loopthat is occurring. And it's most likely due to something called [Short Interest Reporting](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest) from FINRA.
|
||||
|
||||
Short interest?! That's two words we're all very familiar with. What exactly is this?
|
||||
|
||||
> FINRA requires firms to report short interest positions in all customer and proprietary accounts in all equity securities twice a month.
|
||||
|
||||
There's three columns on that link. What are they:
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||||
|
||||
- Settlement Date: The date at which short interest positions must be determined.
|
||||
|
||||
- Due Date: The date at which the report of the SI from the settlement date is due by.
|
||||
|
||||
- Exchange Receipt Date: The date when FINRA finalizes the reports and delivers them.
|
||||
|
||||
Ah nice. So if you were a shortie in January and your SI% is well over 100% of the float, and the world thinks you haven't covered because of the high SI%, then you might want to drop that SI% number down! If you maintain a low SI% for a long time, then the world will believe the squeeze is done for and you can claim that you've covered your positions. In order to drop your SI% that will be reported on the Receipt Date, you'd want to hide your short position before EOD of the Settlement Date.
|
||||
|
||||
You risk causing a mini squeeze right here. AKA the "Fake Squeeze" of January. But you MUST try it to shake off the holders. Dump it all. Pretend you covered. Hope that the apes sell.
|
||||
|
||||
Here's a copy/paste of the dates for 2021. I'm going to only copy the ones through the start of June:
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||||
|
||||
| Settlement Date | Due Date | Exchange Receipt Date |
|
||||
| --- | --- | --- |
|
||||
| January 15 | January 20 | January 27 |
|
||||
| January 29 | February 2 | February 9 |
|
||||
| February 12 | February 17 | February 24 |
|
||||
| February 26 | March 2 | March 9 |
|
||||
| March 15 | March 17 | March 24 |
|
||||
| March 31 | April 5 | April 12 |
|
||||
| April 15 | April 19 | April 26 |
|
||||
| April 30 | May 4 | May 11 |
|
||||
| May 14 | May 18 | May 25 |
|
||||
| May 28 | June 2 | June 9 |
|
||||
| June 15 | June 17 | June 24 |
|
||||
|
||||
You could look at the Receipt Dates and say, "Hey! We spiked/dipped there! January 27, February 24, March 9, March 24! So the next spike would be May 11!", but not necessarily. It's interesting how some spikes occurred on a few of the receipt dates. I mean, the price certainly could spike again on May 11, but that's probably going to be a coincidence once more. I'm more interested in the Settlement Date column.
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||||
|
||||
Like I said earlier, it appears that they'll want to stuff away their shorts on days up to and including the settlement date. When this happens, we get volatility in the price due to the ITM CALL + OTM PUT tricks they've been using. The price spikes up, then crashes down. Or vice-versa. And this is consistently happening. Here's a few thoughts that I'm unsure of, but would like to propose:
|
||||
|
||||
- It's possible that a bunch of their shorts pour out after being hidden at critical dates, which result in massive ITM CALL and OTM PUT purchases prior to settlement dates, which consequently spikes/crashes the price in much larger movements. This could be why we're seeing smaller movements (February 12, April 15, April 30) because fewer shorts are popping out and we're waiting for a big pour out again.
|
||||
|
||||
- They like to waste money on flash-crashing the price, probably through exercising a bunch of PUT ammo, while simultaneously suppressing the SI% and moving FTDs out once more with ITM CALL and OTM PUTs (February 26, March 15, March 31). This bleeds them money when spikes occur, and thus makes the Danger Zone ever closer with a slowly incrementing price floor.
|
||||
|
||||
- The overlap of a bunch of their shorts pouring out and FTDs having to be reset occurs on these large movements (January 29, March 15, Some future date?)
|
||||
|
||||
- This is why we see discrepancies between T+21 and T+35 and dates in-between. It's not a cycle on those exact dates but rather any days before the settlement date.
|
||||
|
||||
To help visually, I plotted each settlement date on the lovely GameStop chart starting in January. You can see that prior to every single receipt date, some kind of volatility occurs. Even for February 12, I would argue that the spike/drop from February 5 to February 6 was one of these volatile movements, though ever slight of a movement like we're seeing now.
|
||||
|
||||
[](https://preview.redd.it/u2kbzue2ksx61.png?width=1344&format=png&auto=webp&s=7d7ca2c0862ec18f866e3905bed7ef64907bc769)
|
||||
|
||||
So, what does this mean? Well, it's not a date but more of a "watch for shit to go down close to or on these Settlement Dates (May 14, May 28, June 15, etc.)". The next few Settlement Dates could continue to be dampening with smaller and smaller volatile movements. But they could also be a repeat of the January, February, or March spikes due to the possibility that a ton of shorts and FTDs will need to be brushed under the rug once more.
|
||||
|
||||
- If GME spikes again due to this, they could attempt to flash crash the price once more.
|
||||
|
||||
- If GME spikes again due to this, and they are unable to flash crash the price, they'll be sitting higher in the DANGAH ZONE.
|
||||
|
||||
- Regardless, we can assume the price floor will continue to rise. Perhaps since we are at a critical point here of $160 and it has been dampening to an ever smaller volatile swings around $160 - that we will see a huge burst again just like January, February, and March in order to maintain that ever-increasing price floor.
|
||||
|
||||
It sounds like I'm covering my ass because I said it could spike significantly or not at all lol. But I think there's enough data points here to assume that volatility will always occur prior to the next SI Report Settlement Date. Whether or not it is a big jump depends entirely on the amount of shorts and FTDs they need to hide. When do those pour out? Is it a specific date? That's what I'd like to find out.
|
||||
|
||||
Personally I still believe April 16, 2021 caused something big that is coming. You don't just have all these banks + Shitadel working overtime day and night as of that date and not prior to it. If a big amount of shorts popped out of April 16 and they did not hide a lot of them prior to April 30 settlement, then the receipt date of those positions is May 11.
|
||||
|
||||
- Note: Receipt date of May 11 does not imply a price spike will occur. This implies that the next SI% report could cause a SI% spike if April 16 shorts popped out and were unable to be hidden by April 30.
|
||||
|
||||
- If the next SI% report date shows a spike in SI%, then its very possible that a portion of their hidden short position will be calculated into their risk, and the margin call price will go further down in the danger zone, making the tendies that much closer.
|
||||
|
||||
3\. Conclusion
|
||||
|
||||
We're reaching a critical point here, and its obvious that the shorters are going to lose. Apes will win. Don't get discouraged. Anyone telling you you're crazy might be right - that you're crazy just in a general sense - but you're not crazy for believing in GME.
|
||||
|
||||
[](https://preview.redd.it/nlz8u354ksx61.png?width=926&format=png&auto=webp&s=257bb41e794c88e225f0385a752f25d15f3788d0)
|
||||
|
||||
Blast off from here with some hopium / TLDR:
|
||||
|
||||
- Melvin received a $2.75B injection on the day GameStop spiked to $160. They have flash crashed the price from going above $350 every time. It's probably safe to assume they are entering the Kenny Loggin's DANGER ZONE as of this week which ranges from $160 to $350. This zone is where the margin call price theoretically lives.
|
||||
|
||||
- GME is already stabilizing around this $160 price point. Melvin, are you scared?
|
||||
|
||||
- The Danger Zone will continue to shift down while they bleed money attempting to suppress the price. The margin call is inevitable. All shorts must cover.
|
||||
|
||||
- We consistently see volatile movement at some point in the week or week before a SI Report Settlement Date. EVERY single date has had this occur. The next settlement date is May 14.
|
||||
|
||||
- This could be only a slight movement just like the past few Settlement Dates.
|
||||
|
||||
- This could be a big movement due to April 16 from an overlap of a large amount of shorts having to be suppressed and FTDs shifted out (but who knows).
|
||||
|
||||
- Every Settlement Date spike results in an ever higher price floor. The past few floors, starting Feb 26 through May 7 = $100, $120, $140, $150, $160. This brings us closer to, and into, the Danger Zone.
|
||||
|
||||
- The Settlement Date following April 16 was on April 30. If a bunch of shorts spilled out from April 16 and they are no longer able to suppress them, then the Receipt Date on May 11 can result in a spike of SI%. Note: not price spike. SI% spike.
|
||||
|
||||
- If the SI% spikes and they now have to include those shorts in their risk calculations, then that might shift the Danger Zone even lower and make the margin call price even closer.
|
||||
|
||||
Also note to not day trade. Imagine you make the wrong mistake and the volatile movement ends up being the MOASS. See ya.
|
||||
|
||||
The end feels so close. We'll see what the next few weeks bring. 😎
|
364
DD/2021-05-09-They-are-Running-Out-of-Options.md
Normal file
364
DD/2021-05-09-They-are-Running-Out-of-Options.md
Normal file
@ -0,0 +1,364 @@
|
||||
They're Running Out of Options - Estimating potentially hidden FTDs using public options data
|
||||
=============================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/SuperstonkBot](https://www.reddit.com/user/SuperstonkBot/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n8gflf/theyre_running_out_of_options_estimating/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[🤖 SuperstonkBot](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22&restrict_sr=1)
|
||||
|
||||
Hello you sexy silverbacks, I'm one of the many silent holders and I'm really hoping at least one ape *tries* to read this shit. It's taken me some time to go through everything and type this up, so go find somebody with a nice deep reading voice baby I MEAN I'M JACKED,
|
||||
|
||||
IM JACKED TO THE TITS\
|
||||
I've seen scattered posts on a lot of this stuff, but I'm trying fit the pieces into a more linear argument. I do my best to present data and let it tell it's story.
|
||||
|
||||
That said, I wrote I a lot of shit down there, so I wrote most of it in a way that hopefully won't make your mom's boyfriend fall asleep while to reading to you.
|
||||
|
||||
I think I linked everything I used so ..
|
||||
|
||||
Please let me know where I'm off!!\
|
||||
( [This important post](https://web.archive.org/web/20210504013036/https://www.reddit.com/r/Superstonk/comments/mtmqf3/critical_thinking_from_a_psychology_academic/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by [u/Makataui](https://web.archive.org/web/20210504013036/https://www.reddit.com/u/Makataui/) - a Psychology professor who's made a living on his ability to logically discern shit- goes over the importance of critical thinking, especially in our dopamine bath of confirmation bias and group polarization !! Save it for later, at the very least. )
|
||||
|
||||
Also this isn't advice, some of it will be wrong - it's my interpretationspeculation of data.
|
||||
|
||||
It's blind ape's description of an elephant.
|
||||
|
||||
TLDR:\
|
||||
If you don't like foreplay you can skip to the numbers warning. If you don't wanna read any of it I guess just hodl until Jan 21, or at least wait for a bankruptcy or two. Basically there are so many ways to indefinitely roll FTDs into the future, the number of actual fails in GME, and maybe the whole system Idk, is pretty much a measure of Wall Street's integrity.
|
||||
|
||||
//
|
||||
|
||||
Okay, so
|
||||
|
||||
1\. Options Options\
|
||||
I've been digging through [GME options data](https://web.archive.org/web/20210504013036/https://www.barchart.com/stocks/quotes/GME/options?expiration=2021-04-30-w&moneyness=allRows) for a while, and I found some, uh, colorful numbers. I'm hoping someone less autistic than I am can tell me why they smell like horse shit.
|
||||
|
||||
Most of GME's expiry dates, EXCLUDING 7/16/21 and 1/21/22, are pretty boring. Not only are there low volume and open interest, there are far fewer strikes with interest, *especially* at sub $50 strikes. But for July 16 and Jan 21, strikes climb in $0.50 increments up to $5.50. Most other dates begin $5, usually moving in $5 or $10 increments.
|
||||
|
||||
Alright I'm losing you already so I'll back up and explain as I go along. If you know this shit already skip to - (???????? ????????)
|
||||
|
||||
Each option contract (call or put) represents a non-obligational right to buy (call) or sell (put) x number (usually 100) of shares for an agreed upon price (strike price) per share, by an agreed upon expiration date. These are contracts, not shares - owning the right to buy/sell has an opposing obligation to deliver/purchase. This means that options traders are not required to buy contracts before selling them. Typically the trader will instead buy 100 shares of the underlying security to "cover the call".
|
||||
|
||||
This is one reason why looking at open interest data is useful. Open interest is the number of contracts yet to be settled at some expiration date, and the options data I linked above shows the interest of individual strike prices within that date.
|
||||
|
||||
Contracts can be settled (and thus OI decreased) in 3 ways: 1) they can be exercised (buyer exercises his right to buy/sell), 2) they can expire worthless, 3) the seller can purchase the option back from the market
|
||||
|
||||
Btw notice how I said "market" and not "buyer" - that's because when a contract's seller buys to close, the market (the OCC) fills his buy order (bid) with a random seller, even if one of his original buyers has a sell order (ask).
|
||||
|
||||
This is largely for two reasons: 1) So a trader on Citadel's trading floor can close his position without waiting for individual RobinHood buyers to sell their calls, and 2) to prevent a trader from just buying calls from Phil down the hall (this will come up later, surprise lmao ofc he still can)
|
||||
|
||||
Options chains are usually organized by strike prices at different expiration dates, and every buyer has a seller, so even if a trader buys to close, the overall OI on $60 calls will only decrease if he manages to buy back calls he originally wrote, otherwise that interest is just shifted to Credit Suisse or whoever sold.
|
||||
|
||||
This means that, even if a trader's initial option position is closed, the option will still have interest until all buyers decide to sell.
|
||||
|
||||
Note: Options are typically organized by strike and expiration, but that does not mean all traders trade at single strikes. A trader can fill my 250k order at $60, or he can tell me to fuck off and write 50 calls at every strike from $40-$60, adding more room to hedge and possibly making liquidity easier.
|
||||
|
||||
So remember how I said there were options on 7/16 and 1/21 in 50 cent increments up to $5.50...
|
||||
|
||||
(????????????????)
|
||||
|
||||
2\. ETFs, FTDs, WTF\
|
||||
This is probably where you may want to break out the tinfoil...
|
||||
|
||||
By looking at an [option's price history](https://web.archive.org/web/20210504013036/https://www.barchart.com/stocks/quotes/GME%7C20210716%7C0.50P/price-history/historical) you can see when that option began trading, hinting at when the option was originally written, and almost every option within those weird 50 cent increments began trading just after the 2020 dip in March, with some going back further into 2019 at very low activity until March 2020. Note GameStop was trading around $3.50 before the March 2020 drop. These March dates aren't regular, either. Most other options were not traded until November, 2020.
|
||||
|
||||
** *cue speculative cutscene* **
|
||||
|
||||
Now, if I'm Phil the Hedge Fund Manager in March, 2020, looking at brick-and-mortar GameStop, a company I've been short for years on that's now trending into the dirt BEFORE a global pandemic --- and I'm watching all my friend's brick-and-mortar short positions furiously shitting Benjamins, what better way to print free money than just sell bunch of calls and wait for the iNeViTabLe bankruptcy? Mother Nature just broke into the ICU and stuck a knife in GameStop, says Phil, so if any of the calls are executed I'll just borrow the shares to cover them for a measly $350 per contract and maybe I'll borrow some more to deliver the first batch I borrowed. What? FTD? Is that like FYE?? Ehh who cares GME will be in retail heaven with Blockbuster and Toys Were Us by January. Flu season in a pandemic?? I'll see you in Barbados boyzzzz
|
||||
|
||||
MAYBE Phil, with Ponzi-the-money-printer, earns his firm, Edgar Capital, [60 PERCENT RETURNS IN 6 MONTHS](https://web.archive.org/web/20210504013036/https://fintel.io/ip/melvin-capital-management-lp) and now his bosses who earned 10% last year are literally asking him to fuck their wives. And their daughters. In Barbados.
|
||||
|
||||
Maybe things start to get [a little tense](https://web.archive.org/web/20210504013036/https://images.fintel.io/us-gme-fails-to-deliver.png) toward the end of September. Just a month ago Phil thought FTD was an STI and now people are calling him Margin Capital online :(
|
||||
|
||||
Now seems like a good time to talk about what exactly happens when a trade fails. If your trades fail all the time already, skip to -
|
||||
|
||||
(????????????????????)
|
||||
|
||||
It might be helpful to think of any given hedge fund or capital group as.. less like a chess grandmaster and more like the guy who sells hotdogs downtown at 2 am. He picks the street, maybe he makes the chili, but unless he's selling to a restaurant, he's kinda fucked unless people stumble up to him. He's got some wieners in stock, but if there are more buyers than wieners, he might take their money and tell them to come back tomorrow for their hotdogs.
|
||||
|
||||
Now picture millions of these bastards huddled inside their Broker-Dealer Cafeteria's, all stuffed inside Market Maker Superdome selling and promising food all day to orders coming in - add a few more superdomes and replace hotdogs with stocks, ETFs, options, blah blah that's basically the stock market.
|
||||
|
||||
To set the scene, it's late August, 2020, and Grandma buys a share of Monster and at the end of the day, Phil has no Monster. Usually Phil's BD will lend Phil its shares (or just create them..) for a day or two, and if he doesn't find Grandma's Monster by then then, he must declare a fail-to-deliver. Well Phil has amnesia and after two days he just declares fail-to-deliver. Phil now has 3 days to find the Monster or Phil's Market Maker (who clears the BD's trade), on the fifth day, will force the BD to buy one with his money.
|
||||
|
||||
*Unless* that BD vouches that Phil's a kind, forgetful guy, in which case Phil gets to tack on another 3 days.
|
||||
|
||||
[This SEC document](https://web.archive.org/web/20210504013036/https://www.sec.gov/investor/pubs/regsho.htm) goes over these guidelines btw I'm not just spitballing
|
||||
|
||||
*In a shocking twist of events* - Apple buys Monster and now Phil's fucked. There are no shares to borrow and Monster is too expensive to buy.
|
||||
|
||||
Let's say the BD's Market Maker is Phil's wife's boyfriend's brother - and honestly the MM has so many shares he wipes his ass every day with them every day, so - if there's an ETF (basically a veggie burger of shares) containing Monster, he can use his MM authority to throw some Monster into a 50,000 share burger called a creation unit, then sell it to BD as a new share of the ETF. BD trades the ETF to Phil, who's been holding the BD's share so he doesn't fail to deliver, then Phil plucks a Monster seed from the burger and *voila* Monster is on the books - Phil shows the BD the MM's shares, winks, and the FTD is settled. On paper.
|
||||
|
||||
The DTCC is the final clearing destination for most US trades. They allow 35 calendar days for MM's to settle, so Phil rented the MM's extension and the MM is trusting Phil to find Grandma's Monster in 35 days. When he does, he can sell the newly minted ETF share back to the MM, the MM puts the shares back in their places and it's all roses and ????????
|
||||
|
||||
Oh btw, to tie in the hotdog guy analogy, you probably won't be surprised to know that the Superdome owns a lot of the Cafeterias inside. Many Market Makers *are* Broker-Dealers. This reduces internal regulation, and, because these trades are often beneficial for everyone except Grandma, they can potentially be abused.
|
||||
|
||||
Okay to keep things realistic, let say Monster's only ETF is the Wedbush Addictive 50 ($WADD) and holy shit, Apple is in there too. Just before the ETF-burger move, the MM is out of Monster and and Phil's fuckedfucked
|
||||
|
||||
In this situation, Phil can simply offer his wife to his MM, in which the MM can build the WADD as a creation unit of IOU's, called an [ETN](https://web.archive.org/web/20210504013036/https://www.investopedia.com/investing/etfs-vs-etns/), from which Phil can pluck the Monster IOU, and *voila* - Phil's has a happy Grandma and a happier wife
|
||||
|
||||
(????????????????????)
|
||||
|
||||
MMs generating ETFs and ETNs as a means of lending less-liquid securities inside, is well covered in [this presentation](https://web.archive.org/web/20210504013036/https://youtu.be/ncq35zrFCAg). This is one way to conceal fails, but they're not *entirely* hidden - the fails may still show up within the ETFs.
|
||||
|
||||
As I understand it, if this were the case with GME, or any security, you would expect repeated spikes in ETF fails, ~6-8 days after the security fails.
|
||||
|
||||
Of course this would smell like bull shit from a mile away, so there are a few other ways fails can be kicked down the road. They're not my secrets lol both of my great grandparents are still alive - the SEC warned about them in 2103:
|
||||
|
||||
//
|
||||
|
||||
Side note on ETN's:
|
||||
|
||||
ETN's are, by definition "unsecured debt obligations" - and they have legitimate benefits. As debt obligations they also have risks, as [this presentation from 2019](https://web.archive.org/web/20210504013036/https://youtu.be/ncq35zrFCAg) discusses.
|
||||
|
||||
I have a concern I really hope someone can ease for me. A short position is a debt obligation, so wouldn't borrowing to cover a short create a collateralized debt obligation? And if ETN's are basically virtual, unsecured debt obligations, wouldn't repeatedly using ETN's to cover short positions create a synthetic collateralized debt obligation?
|
||||
|
||||
Yes I'm unashamedly using 2008 hot words, and maybe I shouldn't, but considering the (albeit extreme) example at 28:00 in the video I linked above, when XRT (ETF containing GME) reported 78m ownership of 11m outstanding shares -
|
||||
|
||||
That's a security-stew of 11m veggie burger bits floating in a broth of 67m promises. Priced by the pound.
|
||||
|
||||
I genuinely hope this FTD shuffling tactic isn't accidentally (or otherwise) creating synthetic CDO's. Remember the Asian dude Michael Scott's alter ego almost strangled in a restaurant over how completely autistic derivatives of synthetic CDO's were? Wouldn't that just translate to all options contracts and other derivatives involving ETF's??
|
||||
|
||||
//
|
||||
|
||||
3\. It Often Rhymes\
|
||||
If you don't read another word of this post, please please save [this SEC risk alert from 2013](https://web.archive.org/web/20210504013036/https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf) to read for later.
|
||||
|
||||
That document reviews the FTD settlement guidelines that I went through earlier and discusses two other known methods of concealing fails: married puts and buy-write transactions.
|
||||
|
||||
Reminder that this is all in relation to GME's first big FTD spike in September and the July/Jan share price), essentially replacing the short position (shares are needed to exercise)
|
||||
|
||||
In either case, as with ETF/ETN schemes, the trader who was short is essentially paying the MM for access to the 35 day settlement exception.
|
||||
|
||||
(??????????????)
|
||||
|
||||
4\. What You Know For Sure\
|
||||
Back to September. Hedge funds and Market Makers have been turning retail short sales into Ferraris and Ivy League athletic scholarships for the past 6 years. They successfully [strangled multiple businesses into bankruptcy](https://web.archive.org/web/20210504013036/https://stockhouse.com/news/newswire/2016/01/19/how-short-sellers-are-killing-companies-and-market). multiple businesses into bankruptcy and now flu-season was approaching amid not only a global pandemic, but a global microchip shortage that completely halted distribution of GameStop's single biggest sales driver: gaming consoles.
|
||||
|
||||
Its important to note that the market is a dynamic system that is intentionally confusing. There are hundreds of multi-million dollar firms placing thousands of bets, and generating liquidity through short selling is a genuine part of a MM's job.
|
||||
|
||||
That said, through BD/MM affiliation that benefits both parties, even if caught and fined - the potential for 1 or 2 disingenuous traders to begin contagion is a legitimate threat. [This video originally from 2003](https://web.archive.org/web/20210504013036/https://youtu.be/I0WXg5T3cBE) describes this in more detail.
|
||||
|
||||
This is highly speculative and I should probably leave it out but fuck it
|
||||
|
||||
In my opinion, given ample opportunity, deep fucking incentive, sound rationalization, and chicken shit regulation - it is seems possible that, on a market wide scale, 100+ million shares that should have failed-to-deliver are quickly, and sometimes fraudulently, shuffled --- via married puts, buy-writes, ETF manipulation including ETF/ETN creation units from a Market Maker, and writing naked calls --- to maintain the virtual appearance of buying/borrowing shares to settle the FTD.
|
||||
|
||||
The fuck was I saying
|
||||
|
||||
Oh yeah September
|
||||
|
||||
Back in August, [short interest reached $426 million](https://web.archive.org/web/20210504013036/https://www.marketbeat.com/stocks/NYSE/GME/short-interest/). Correct me if I'm wrong, but at ~$4.70 share price, that's over 90 million shares sold short. If that's accurate, that's uhh.. a little aggressive there, chief
|
||||
|
||||
So by September, fails start rolling in. Phil is seeing FTD tags in his nightmares - *Fuck, how many calls did I sell? How many shares do I have? Are those shares borrowed? What the fuck is a DTC??*
|
||||
|
||||
At this point, Phil has to decide between:
|
||||
|
||||
a) cutting his possibly massive losses and unwinding one of the biggest cash cows beneath the [64+ billion dollars](https://web.archive.org/web/20210504013036/https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN29U00R) hedge funds made in 2020, or
|
||||
|
||||
b) paying a small fee and risking another small fee to double down and stay short
|
||||
|
||||
Oh, let's not forget that cold/flu season is approaching amid, not only a global pandemic, but a *global microchip shortage* that will probably slow distribution of GameStop's single biggest sales driver: gaming consoles.
|
||||
|
||||
Maybe Phil was smart and got out. Obviously his friends didn't. 4.2 million shares failed in 2 days, October 13-14, and the 30m share Niagara Fails of December and January suggests some quadrupled down in October.
|
||||
|
||||
5\. Everything in the World is Magic...\
|
||||
Here's a puzzle:
|
||||
|
||||
Assume someone wanted to use some of the the neat and totally legalish tactics I so concisely described to indefinitely roll FTDs into the future ---
|
||||
|
||||
Using public data, estimate just how heinous GME's actual rolling FTD number *could* be.
|
||||
|
||||
I'll shoot for a realistic degree of atrocity
|
||||
|
||||
(my limited understanding of) The Rules:
|
||||
|
||||
-Roughly, ( beneficial ownership ) --- ( shares outstanding ) = ( total shares owed )
|
||||
|
||||
- Broker-Dealers have 2 trading days after a client is short to cover. Otherwise they report a fail and have 6 trading days after the fail to cover - which can be done btw by buying *or borrowing* shares
|
||||
|
||||
- *BUT* with a little Market Makipulation, BDs can temporarily report short on the 5th day after failure, wait 2 trading days before reporting a fail, then have 35 calendar days after the fail to settle
|
||||
|
||||
- Evidence of this process should include FTD spikes in one or more ETF's containing GME ~6-8 days after a large number of GME fails
|
||||
|
||||
( edit: [This post](https://web.archive.org/web/20210504013036/https://www.reddit.com/r/Superstonk/comments/n4axra/95_gme_etfs_3_months_of_ftds_visualized/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by [u/Leenixus](https://web.archive.org/web/20210504013036/https://www.reddit.com/u/Leenixus/) overlays FTDs in GME and its ETFs and compares to other securities. )
|
||||
|
||||
- Accurately accounting for FTDs concealed with synthetic options positions and ETF's is impossible, but I'll do my best to explain my estimates. I'll start by identifying FTD spikes, usually in groups of 3 or 6 days (because of the T+3 and T+6 settlement requirements).
|
||||
|
||||
- Oh btw, Citadel, the BD/MM in question here, [clears 99% of all options trades](https://web.archive.org/web/20210504013036/https://www.citadelsecurities.com/products/equities-and-options/), so if there's open interest in a contract, statistically there's a 99% chance Citadel is liable to settle it. I'll bump that to 100% for kicks
|
||||
|
||||
Warning\
|
||||
??????
|
||||
|
||||
Numbers Ahead\
|
||||
//
|
||||
|
||||
This entire post is built on using data to speculate.
|
||||
|
||||
The following argument, however logical or likely it may or may not be, is, obviously, speculative.
|
||||
|
||||
The puzzle is complex. The answer is likely more complex.
|
||||
|
||||
Apes just hodl that's not so hard.
|
||||
|
||||
//
|
||||
|
||||
GameStop Corp\
|
||||
[Fintel data](https://web.archive.org/web/20210504013036/https://fintel.io/ss/us/gme) (note: Month markers on the FTD graph mark the *middle* of the month) shows:
|
||||
|
||||
~4.1 million GME shares failing from September 2-9 (6 trading days)
|
||||
|
||||
~5.8m shares failed September 21-25 (5 days)
|
||||
|
||||
~4.2m shares failed October 14-15 (2 days)
|
||||
|
||||
~5.6m shares failing December 2-8 (5 days)
|
||||
|
||||
~4.2m shares failing December 17-24 (6 days)
|
||||
|
||||
~3.3m shares falling from January 5-11 (5 days)
|
||||
|
||||
~6m shares failing January 13-21 (6 days)
|
||||
|
||||
~5.1m shares failing January 26-28 (3 days)
|
||||
|
||||
XRT\
|
||||
[XRT](https://web.archive.org/web/20210504013036/https://fintel.io/ss/us/xrt), GameStop's most liquid ETF, had:
|
||||
|
||||
~3m shares failing September 28 to October 6 (7 days)
|
||||
|
||||
~2m shares failing December 15-17 (3 days)
|
||||
|
||||
~5.7m shares failing January 28 - February 3 (5 days)
|
||||
|
||||
You can roughly see how XRT's FTD spikes fit between GameStop's. The 2 most other liquid ETF's had spikes of ~100k or so.
|
||||
|
||||
Based on the FTD data, let's say, ohhh Idk - 4 million FTDs are rolling into January, using the ETF/ETN tactic to alternate between GME and XRT.
|
||||
|
||||
Citadel claims to clear virtually all options trades, and based on [GME option data](https://web.archive.org/web/20210504013036/https://www.barchart.com/stocks/quotes/GME/options?expiration=2021-05-07-w&moneyness=allRows&view=stacked_ohl) call total OI is 104,221 on 7/16 and 1/21 alone. Total call OI from the other 10 expiration dates is ~105k for a grand total of ~210k interest.
|
||||
|
||||
um\
|
||||
If [Citadel is clearing 99%of all options order flow](https://web.archive.org/web/20210504013036/https://www.citadelsecurities.com/products/equities-and-options/), and they're constantly [delta-gamma hedging](https://web.archive.org/web/20210504013036/https://www.investopedia.com/terms/d/deltagamma-hedging.asp), what better way to roll a FTD than to:
|
||||
|
||||
1. Make long calls a little cheaper and gobble up the bids.
|
||||
|
||||
2. Collect all 210k premium payments and now, as a MM, they have to [delta-gamma hedge](https://web.archive.org/web/20210504013036/https://www.investopedia.com/terms/d/deltagamma-hedging.asp) those calls to claim a riskless position.
|
||||
|
||||
3. Use all those "for hedging" shares to satisfyextend the FTD requirement, then strategically dump the shares hedging all the calls *you think* will expire OTM, since no hedge is ultimately needed for a call never exercised.
|
||||
|
||||
4. EZ game, now Citadel gets to collect premiums for resetting some FTDs and driving the price down
|
||||
|
||||
Delta hedging would typically require somewhere between 9-99 shares per call, with more shares needed for deeper ITM calls.
|
||||
|
||||
Taking the 210k (and counting) call OI as a whole, of which Citadel claims to clear 99%, if 50 shares are delta-hedged on average, that grants Citadel access to 10.5m shares for allocating to failed trades.
|
||||
|
||||
Of course not all of them would allocated, but the allocation process would essentially be the same as that time Phil lost Grandma's Monster. This would mean that some portion, maybe a large portion, of GME's daily trading is Citadel allocating and eventually repurchasing shares from its clients with high FTD's.
|
||||
|
||||
And maybe if there aren't selling enough calls, the resort to [Buy-Writes](https://web.archive.org/web/20210504013036/https://www.reddit.com/r/GME/comments/lylvrb/update_35_1625_million_of_deep_itm_gme_calls_have/)...
|
||||
|
||||
6\. Eventually, Trust Fails\
|
||||
What in the depressing fuck kind of title is that
|
||||
|
||||
Anyway remember when Phil's MM made a WADD and Phil traded his wife for it?
|
||||
|
||||
[XRT's Options data](https://web.archive.org/web/20210504013036/https://www.barchart.com/etfs-funds/quotes/XRT/options?expiration=2021-05-07-w&moneyness=inTheMoney) reveals ~51k call OI over 11 dates, 45k of which are concentrated in only 3 dates: 5/21, 6/18, and 9/17. Notice how those dates fit nicely between 7/16 and 1/21, the two dates housing half of GMEs call OI.
|
||||
|
||||
*tinfoil time*
|
||||
|
||||
Ken sells calls and hedges and juggles FTD's and Ken plans to pretty much do it until he retires. Well when those $69,420 calls expire, he should still have the one share he had to buy as a hedge. If he gave that share to Phil to cover both their asse(t)s he needs to either buy his share back or find another one. Well Kenny's no rookie - he's been doing slight-of-shares with ETF's since, like, 2006 - so he buys or whips up or promises to whip up an XRT burger and everything's ???? and ????????.
|
||||
|
||||
Yeah that's not gonna make sense if you skipped the foreplay, sorry.
|
||||
|
||||
Well the only thing better than XRT is free XRT, so Ken can just sell cheap XRT calls, forcing delta hedges on XRT, then crack open the XRT and allocate the GameStop.
|
||||
|
||||
But even if all 50k XRT calls were hedged with 100 shares, GME is only 7% of XRT. So 5m XRT shares equates to 350k GME shares...
|
||||
|
||||
*Allow me to introduce:* [IWM](https://web.archive.org/web/20210504013036/https://fintel.io/so/us/gme/ishares-trust-ishares-russell-2000-etf)
|
||||
|
||||
IWM is the iShares Russel 2000, and they announced a 15% increase in GME on 2/25/21. Funny, I didn't hear much about it.
|
||||
|
||||
IWM holds GME at a humble 0.35%. Take a guess at what [IWMs options chain](https://web.archive.org/web/20210504013036/https://www.barchart.com/etfs-funds/quotes/IWM/options) looks like...
|
||||
|
||||
You *may* not guess a call OI of 1.56 million over the 15 expiry dates from now until 1/21/22. Hedging those at an average of 50 shares/call represents 78m shares. At 0.35%, thats 2.7m GME shares.
|
||||
|
||||
By the way, if an extra 2.7 million shares available to extend shorts, purely in call hedges, doesn't shake you, remember GameStop is in over 60 different ETFs.
|
||||
|
||||
Oh and it gets better
|
||||
|
||||
I've been talking about calls for a while but *puts* exist too. If you somehow managed to read through this whole post you'll remember what the SEC said about married puts...
|
||||
|
||||
The put OI for IWM, up to 1/21, is 3.7 million. ~750k of those puts are at-the-money. With GME at .35% of IWM, that potentially represents 2.6 million GME shares capable of floating FTD's via married puts in IWM.
|
||||
|
||||
Married puts *should* have ATM puts to maintain the short position, but they don't need to be ATM to settle a FTD - one reason MPs are used over just re-borrowing (and the reason they're illegal) is they function by claiming one asset as collateral in two transactions. There are 100 shares married to the put (risk-less position to skirt regulation) and the same 100 shares are used to close the FTD.
|
||||
|
||||
The MP provides the paperwork loophole but it's not necessary for the short position. Phil can just borrow shares ( [IWM shortvol% was apparently 74% on 4/30](https://web.archive.org/web/20210504013036/http://shortvolumes.com/?t=iwm) ), buy a worthless put to marry and instantly divorce, and now you did the paper magic and are still short. Maybe they call it a one night stand Idk
|
||||
|
||||
The total put OI of all strikes with over 10k OI is over 2.5 million.. there are puts at dozens of strikes trading for $1. If ONE THIRD of those were used for disposable MP's, that's another 2.6 GME shares.
|
||||
|
||||
Which is interesting, considering GME has [329k put OI at the LOWEST 2 STRIKES on 7/16 and 1/21](https://web.archive.org/web/20210504013036/https://www.barchart.com/stocks/quotes/GME/options?expiration=2022-01-21-m&moneyness=allRows&view=stacked_ohl). Even more interesting about those 329k puts - when they were being gobbled up in late January, ~200k of them, they averaged their highest prices of all time.
|
||||
|
||||
50 cent puts... While GameStop was soaring. Went from $4 in December to $15 on Jan. 28. Right.
|
||||
|
||||
Guess I could take a shot at that puzzle now.
|
||||
|
||||
Total potential-shares-for-allocation estimate:
|
||||
|
||||
-Citadel delta hedging call order flow: 10.5m
|
||||
|
||||
-[The suspected Buy-Write trades](https://web.archive.org/web/20210504013036/https://www.reddit.com/r/GME/comments/lylvrb/update_35_1625_million_of_deep_itm_gme_calls_have/): 14,500 calls = 1.4m shares
|
||||
|
||||
-Citadel delta hedging IWM calls: 2.7m
|
||||
|
||||
-Married puts in IWM: ~2.6m
|
||||
|
||||
-Married puts in GME: up to 32m.. but I'll leave these out
|
||||
|
||||
Total: 17.2m GME shares
|
||||
|
||||
If half of these were actually used to roll fails, 8.6m + the 4-5m already rolling in the FTD data + 11m reported short volume = ~26 million shares sold short
|
||||
|
||||
Including the GME puts and everything else - it'd be ~64 million.
|
||||
|
||||
And *excluding* married puts, Citadel has access to over 13m GME shares, solely from delta hedging GME and IWM calls, to potentially distribute among shorts about to fail.
|
||||
|
||||
Do not forget that I don't know what the fuck I'm talking about. I'm not an expert in this stuff, I just had surgery two months ago and it pisses me off when shit doesn't make sense.
|
||||
|
||||
These people have been playing this game for years and I'm sure there are dozens of other ways reversals can be achieved, they get fined like 100k for this shit and without it.. well if it's bad enough they'll go bankrupt.
|
||||
|
||||
//
|
||||
|
||||
My point here is - where there's smoke there's fire, and there's so much smoke in these numbers I can't taste the purple in my lunch.
|
||||
|
||||
Obviously none of that was advice or conclusive I can't even spell conclusive
|
||||
|
||||
//
|
||||
|
||||
All this shit is meant to be be confusing. The internet revolutionized trading, especially options. In fact they started becoming popular in the 90's, right around when ETF's came along. The SEC talked about two ways options could be used to hide FTD data - and I liked a presentation talking about how ETF's can be used to do the same thing. The AMA last week mentioned it, too.
|
||||
|
||||
All of these loopholes serve to provide Citadel, who claims to clear 99% of options order flow, with enough shares *merely in hedges* to juggle 13 million fails. Add to that buy-write transactions, married puts, naked calls, ETNs, and all the other autistic things possible in a system so complex, who tf knows how many shares they might be juggling on paper.
|
||||
|
||||
The options, to me, look like a smoking gun. Fails in GME's ETFs repeatedly fall between fails in GME, suggesting some number of fails are being rolled with ETFs. The number of ETFs with institutional ownership over 100% 6 months ago suggests many of those shares used to cover came from ETNs.
|
||||
|
||||
The fact that the bulk of call OI in IWM and XRT falls neatly between the call OI in GME suggests these options are, in some capacity, related to rolling fails into the future.
|
||||
|
||||
THAT SAID -
|
||||
|
||||
Regulation changes increasing margin requirements or decreasing settlement times, would begin to unwind these positions. And-
|
||||
|
||||
A share recall would bring the buying pressure of every IOU floating around because of this horseshit.
|
||||
|
||||
A bet on GME is a bet again Wall Street's integrity.
|
||||
|
||||
But - don't just trust me on this stuff, seriously, use the links, find some bullshit that looks weird and ask yourself why it's weird. I promise, there's lots of weird shit. Start with the 1500 $1.50 calls someone bought / Citadel sold for 1/21.
|
||||
|
||||
And the 100k 50 cent puts that *weren't* bought in January probably traded for under $5 so I'm sure plenty of that is legit. On the other hand, I do remember a post saying put OI in early March was obscenely high but I can't find it anymore.
|
||||
|
||||
If you just scrolled on down here and read the "my point is" part, no worries. The post was just some bullshit anyway - 11m reported shorts is an infinite short/float % because there is no float.
|
||||
|
||||
Oh and if really read this whole fucking thing, message me and I'll fly you to dinner next year.
|
||||
|
||||
* * * * *
|
||||
|
||||
*This is not financial advice!*\
|
||||
*This post was **anonymously** submitted via *[*www.superstonk.net*](https://www.superstonk.net/)* and reviewed by our team. Submitted posts are unedited and published as long as they follow *[r/Superstonk](https://www.reddit.com/r/Superstonk/)* rules.*
|
@ -0,0 +1,87 @@
|
||||
Greetings, Apes. Let's clarify some things about average trade sizes, transactions reporting, and the FINRA ADF.
|
||||
================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/MarketMicrostructure](https://www.reddit.com/user/MarketMicrostructure/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/na5drq/greetings_apes_lets_clarify_some_things_about/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
Hello Apes,
|
||||
|
||||
I'm Zak, a colleague of [/u/dlauer](https://www.reddit.com/u/dlauer/) who I've been working with for the past 5 years on all sorts of projects. He told me how fascinating and engaging of a community you all have built, and after spending a couple of days looking around, I completely agree. It's really great how much the general attitude is concerned with really trying to figure out what's true, and that there's a lot of openness and eagerness to learn (especially when a whole lot of people would probably find most of these topics incredibly boring). While I mostly stay buried in development and analytics tasks, I hope to spend a little more time here following along with what you're all up to.
|
||||
|
||||
I appreciate the moderating crew for letting me post some stuff while I work on obtaining that sweet karma.
|
||||
|
||||
Problems & Background
|
||||
|
||||
Some ongoing themes around here involve questions about if/when/where trades are reported, theories about what small average trade sizes mean, and what dark pools, internalizers, and the FINRA ADF are. These things are all closely intertwined. And since there's a lot of effort going into trying to draw conclusions from the data, I think a lot of those efforts would be improved with a few contexts and ideas.
|
||||
|
||||
Before any of that, I have to admit that I share Dave's skepticism of the usefulness of the modern US market structure. While some vested interests point to certain price-improvement metrics regarding PFOF and internalization as 'proof' that it is beneficial to market welfare, I'm not sure this tells the whole story. Just because the second-order effects on market stability and quality are hard to measure doesn't mean they don't matter. It's possible a narrow class of people benefits at the expense of many more. I'm not ready to draw a conclusion one way or the other, but I am more than a bit annoyed at how easily this gets brushed aside.
|
||||
|
||||
Last disclaimer: everything here is to the best of my knowledge from a few years spent developing analytics for institutional clients to measure their execution quality and assess trading performance resulting from routing orders to different brokers who would then execute the orders in a mix of on- and off-exchange transactions. Before that, most of my career was spent in futures, which tend to be much nicer for simple people like myself.
|
||||
|
||||
Are all trades reported to the tape?
|
||||
|
||||
Generally, yes (unless someone is breaking the rules). By any reasonable interpretation of the rules, all FINRA members have an obligation to report transactions. Depending on the parties involved in the transaction and where it's taking place, there are also rules outlining who has the responsibility.
|
||||
|
||||
For a very thorough treatment of how different types of transactions generate reporting requirements see [FINRA 6308B](https://www.finra.org/rules-guidance/rulebooks/finra-rules/6380b). There's a lot of concrete examples.
|
||||
|
||||
There were some questions about whether Citadel could have a brokerage account at Robinhood and then trade with Robinhood customers without generating a report. I discuss the different scenarios that this could fall into and show that they all generate reporting obligations in this post: <https://www.reddit.com/r/Superstonk/comments/n9331h/dave_lauer_clears_things_up_about_the_dark_pool/gxp36ur/?utm_source=share&utm_medium=web2x&context=3>
|
||||
|
||||
At the end of the post above, I qualified it with:
|
||||
|
||||
> None of this is to say that rule violations can't happen or don't happen. They do happen. Bank of America was caught [falsifying its trade reports](https://www.reuters.com/article/us-bankofamerica-new-york-settlement/bank-of-america-pays-42-million-fine-in-new-york-masking-probe-idUSKBN1GZ27H) by altering who it said the customers were executing against. Last month, it was reported that Robinhood was [failing to report](https://www.reuters.com/article/us-robinhood-regulation-tradereporting-e/exclusive-robinhood-failed-to-disclose-certain-trade-executions-to-public-feed-idUSKBN2BV0FZ) transactions for its fractional shares.
|
||||
|
||||
Unfortunately, sometimes when we choose our words carefully or point out past abuses in specific cases, people's imaginations can run away with it and start seeing abuse everywhere.
|
||||
|
||||
I think we clearly need much stronger oversight systems to catch abuses much sooner. But it's important to know that when most of these abuses have been caught, it wasn't from analyzing public data. It's incredibly hard to draw any reasonable conclusions from public data. (However, Dave and I have been working on some projects to do this effectively. Hopefully, we'll be able to share soon.)
|
||||
|
||||
The FINRA ADF is not the boogeyman
|
||||
|
||||
Some people this morning were concerned about the GME volume labeled as FINRA ADF. But this is actually a "catch-all" designation for off-exchange transactions:
|
||||
|
||||
> FINRA ADF is not a dark pool. In fact, no trading occurs on it at all. The volume you're seeing is mostly retail volume from traders like yourselves.
|
||||
>
|
||||
> In general, when any FINRA member conducts a transaction, either for themselves or on behalf of a customer, they are required to report the transaction to the tape. Transactions that don't occur on any of the lit exchanges still need a way to enter into the SIP feed so that all market participants can be aware that a transaction has taken place. The FINRA ADF is the exchange code for those transactions.
|
||||
>
|
||||
> When a discount broker like Robinhood routes an order to Citadel and Citadel fills the order, that is considered an OTC transaction and is reportable. Citadel reports this transaction to a Trade Reporting Facility and it becomes a part of the time and sales record for that day.
|
||||
|
||||
During the trading day, all non-exchange transactions for reg nms stocks are reported in this way. This includes dark pools and internalizers of retail order flow.
|
||||
|
||||
Below is a sample of some GME trades from NYSE TAQ data, which is historical data from the SIP feeds. From [the spec,](https://www.nyse.com/publicdocs/nyse/data/Daily_TAQ_Client_Spec_v3.0a.pdf) you can see Exchange Code "D" corresponds to the FINRA ADF. When the Exchange Code is "D" the TRF column is populated with one of the three specific [TRF facilities](https://www.finra.org/filing-reporting/trade-reporting-facility-trf).
|
||||
|
||||
[](https://preview.redd.it/s5o4zdhdbjy61.png?width=799&format=png&auto=webp&s=138cca33b04e50133c239f9ba6634a2a7a627bc2)
|
||||
|
||||
Snapshot of SIP data with FINRA ADF exchange and a TRF code
|
||||
|
||||
In general, the workflow goes like this: one or more FINRA members conduct a transaction; based on the details of the transaction, the member responsible for reporting sends it to the TRF facility with whom they have a relationship; the TRF facility reports it to the SIPs.
|
||||
|
||||
A month later you are able to see more specific venue breakdowns for where the volume actually occurred. The [FINRA OTC Transparency](https://otctransparency.finra.org/otctransparency) website lets you get all that data by week. "ATS Issue Data" is for registered dark pools; "OTC (Non-ATS) Issue Data" is for internalizers.
|
||||
|
||||
Small average trade sizes don't necessarily imply manipulative behavior
|
||||
|
||||
One of the recurring themes I come across in my work with these sorts of complex systems with a lot of feedback and adaptation is how a tremendous amount of entirely different scenarios can generate the same macro-observable outcomes. This is persistently true with market data. When coming up with an explanation for observed data, it's first important to be aware of many possible ways that data could have been generated. Having good background information will help you estimate what explanations are likely. But to be truly rigorous to where you can be confident with a conclusion, you need to know how to rule out alternative explanations.
|
||||
|
||||
From the previous two sections, we've already seen that retail order flow that is routed to an internalizer will show up as FINRA ADF. Since retail order flow tends to have very small sizes, it is no surprise that the average trade size for FINRA ADF will be small.
|
||||
|
||||
But I've seen some other threads that also try to dig into the dark pool-specific, "ATS Issue Data", from the OTC Transparency website. These threads also reveal the average dark pool trade size can often be 100-200 shares, and many people seem very angry about this.
|
||||
|
||||
Having had the opportunity to analyze the way that the trade desks of large $10B+ funds execute their orders, I will propose a pretty simple explanation for why this happens:
|
||||
|
||||
- It's common to hear institutional trade desks talk about how large their position is in terms of a stock's average daily volume (ADV), because this metric gives a decent heuristic of how much they can execute at a time without having an impact on the market price --- or alternatively, how much they will have to move the market in order to close their position in a short period of time.
|
||||
|
||||
- As a result, when an institutional trade desk needs to get into or out of a desired position, it will typically break up the total desired quantity into many smaller trades and execute over several days (or longer) so as to not move the market all at once.
|
||||
|
||||
- The trade desk will then route the smaller pieces to different brokers with whom they have relationships. This is called sending a "parent order" to a broker. The brokers offer a variety of "execution algorithms" that have different behaviors which the trade desk can select from in order to achieve their target size with the desired market impact and time constraints.
|
||||
|
||||
- When a broker algorithm receives a parent order, it breaks that up into "child orders" to route to different trading venues using a combination of active and passive orders. These venues are often a mix of lit exchanges and dark pools.
|
||||
|
||||
- The overall goal for institutions trading large size is to not "show your hand" and not let any one venue or broker have all the information about the position you're trying to get into or out of. Because if someone knows you're trying to execute 2 days of ADV, they can rush into the position now and then wait while you have an impact on the market.
|
||||
|
||||
There are many other mechanisms for moving large size, but given the enormous variety of trading venues and the desire to minimize market impact, it is not surprising that the average trade size would be small.
|
||||
|
||||
In general, I think we need to know these sorts of tedious things so that we can make sure we're asking the right questions. If we accept that small average trade sizes aren't evidence of malicious behavior, then we can get to the important question: should we even have all of these dark venues leading to all of this complexity in the first place?
|
189
DD/2021-05-11-Theory-of-all-Price-Movements.md
Normal file
189
DD/2021-05-11-Theory-of-all-Price-Movements.md
Normal file
@ -0,0 +1,189 @@
|
||||
Enter Zen Mode. The theory of all price movements - how price spikes up AND price spikes down are artifical - and SI% might skyrocket.
|
||||
======================================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n9qv27/enter_zen_mode_the_theory_of_all_price_movements/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
0\. Preface
|
||||
|
||||
Not a financial advisor. I also have no financial experience or qualifications. Thought I'd make that clear per a commenter on my last post who wasn't happy with me. ;)
|
||||
|
||||
Also apologies if some of this doesn't read right. A bit buzzed typing it up lmao. I'd be happy to clarify anything in the comments.
|
||||
|
||||
Hello apes. You might remember my previous posts. But just in case, I'll add them here once more because I'd like to expand on them a bit further.
|
||||
|
||||
[The Danger Zone and the SI Report Loop](https://www.reddit.com/r/Superstonk/comments/n792mf/all_shorts_must_cover_theyre_entering_the_danger/)
|
||||
|
||||
Summary: Short positions are required to be reported twice per month on "Short Interest Report Settlement Dates". Between each of these settlement dates, the price has a volatile move both up and down. Consistently between each cycle is a higher price floor. Melvin received their $2.75 billion cash injection the day $GME spiked to approximately $160. They have crashed the price from $350 every time. As they bleed money, it appears that the margin call price lives in a "Danger Zone" between $160 and $350.
|
||||
|
||||
[Net Capital Bomb - AKA The Margin Call](https://www.reddit.com/r/Superstonk/comments/n4h832/major_deep_itm_call_option_dates_a_massive_net/)
|
||||
|
||||
Summary: Citadel and any other MM that have been complicit in naked shorting of GameStop now worry about net capital (or in a sense their own Margin Call). They must have sufficient capital to support their debts, such as short positions, so that they can payout in the event of a default. The more shorts they open, the higher debt they have, and thus the more capital they need to raise in order to avoid going net negative and violating [Net Capital Requirements Rule 240.15c3-1](https://www.law.cornell.edu/cfr/text/17/240.15c3-1).
|
||||
|
||||
I've seen a TON of posts regarding TA, wedges, MACD crossing, RSI, "breakout signals", etc. but I always wondered why these patterns repeated. And of course, wondered why nothing would happen even if we had 'bullish' breakout signals. We'll see posts about wedges breaking and attributing it to "shorts using all their ammo" or "whales buying it up" but I have reason to believe that the price spikes, both up AND down, are caused by the shorters. Don't stress about the daily movements. Seriously. Your mental health will thank you. :)
|
||||
|
||||
GME is a curious case. For that I truly think there is an underlying reason for the price movements. Which is why I started looking into major option dates, came up with T+13, scrapped T+13, and eventually arrived at the SI Report Loop theory. I mean, that isn't to say the major option dates still don't play a role here - in fact I'm going to touch on that subject in this post as well.
|
||||
|
||||
This is all just a working theory trying to explain why the price is moving the way it is. I would love to continue building on it, fitting in pieces from other apes, or until the theory crumbles. But so far, it has made me enter complete Zen Mode. I don't even care about the price. I'll explain why.
|
||||
|
||||
<https://preview.redd.it/eoldh4kokey61.png?width=744&format=png&auto=webp&s=3bd4fd5fe7a613af88cc80bc0ae0b4272d2d9fb5>
|
||||
|
||||
1\. Hedgies Are Trapped Between a Rock and a Hard Place
|
||||
|
||||
They're truly stuck. Things were honestly looking in Melvin/Point72/Citadels favor back in February but it has since been a huuuge middle finger back at them because retail got their second wind as of DFV doubling down on February 19th.
|
||||
|
||||
Let's take a look back at the data [/u/broccaaa](https://www.reddit.com/u/broccaaa/) found for SI% versus PUT OI. This is my favorite chart, ever, by the way. When ever I have doubts I just look at this chart.
|
||||
|
||||
- The top, in orange, is PUT OI. The top, in blue, is CALL OI. Both PUT and CALL OI is reported in millions.
|
||||
|
||||
- The bottom, in green, is SI%. The bottom, in blue, is FTD % of float.
|
||||
|
||||
<https://preview.redd.it/fsryz4xvxey61.png?width=1846&format=png&auto=webp&s=8d5c3fb036686338d555bb56d6c0cd008a9b0dd4>
|
||||
|
||||
When the January runup happened, the shorters hit the motherfucking emergency button to block buys on exchanges. This allowed them to fake-out to the world that they 'covered' by dropping SI% like a rock. This killed motivation worldwide and the price hovered around $40 throughout February. How did this happen? Well, most likely by hiding the shorts in PUTs. You'll see that PUT OI goes absolutely insane when the SI% dropped. How insane? At it's peak, the PUT OI was roughly 2.00e6 = 2 million PUTs = 200 million shares worth. Does that sound normal for a stock with only 70 million outstanding shares and only ~50 million float?
|
||||
|
||||
What's even better is from this data that [/u/yelyah2](https://www.reddit.com/u/yelyah2/) collected, we can see what options were used to hide these shorts. I've highlighted in red the data from January 26th, just before the craziness occurred. And then you can see what the PUT OI was for each date prior to expiration (dashes following). As you can see they spread their shorts pretty evenly between these major dates.
|
||||
|
||||
<https://preview.redd.it/f69s5ephyey61.png?width=1112&format=png&auto=webp&s=374144d795e4f7bf41024863c8b473ddd675b112>
|
||||
|
||||
So it's just a working theory of course, but every single one of these dates expiration should result in shorts popping out. In this case, roughly 400,000 OI = 40 million shorts per major option expiration (Feb 19, March 19, April 16, July 16, January 2022). They have to choose between a rock and a hard place:
|
||||
|
||||
- A) Delaying the shorts once more by hiding them in more PUTs, costing money to do so
|
||||
|
||||
- B) Let the shorts be calculated in the SI% report upon the SI Report Settlement Date.
|
||||
|
||||
I'd like to note that with either A or B, the price is not effected. They are hiding the shorts in PUTs. They're not exercising these PUTs. They are simply storing their shorts away for a later date, but it costs them money to do so each time.
|
||||
|
||||
Which then enters the [Net Capital theory](https://www.reddit.com/r/Superstonk/comments/n4h832/major_deep_itm_call_option_dates_a_massive_net/) that I posted about.
|
||||
|
||||
If they want to delay their shorts longer, they'll need to spend more money. The more money they spend, then the less capital they have. The less capital they have, the easier it is for them to go net negative and essentially become margin called. Ever wonder why crypt0 and other assets are doing weird pumps and dumps? Yeah. That could be why.
|
||||
|
||||
They are probably on their last legs trying so hard to raise capital to push things out while simultaneously trying to remain net positive. Check the dates when d0ggi3 c0in started to pump. January 28th. April 14th. May 4th. Interesting coincidences, right? Am I crazy to think we'll see another d0ge pump on May 13th-May 17th, the next cutoff for net capital?
|
||||
|
||||
2\. Why the price spikes up AND down are artificial
|
||||
|
||||
I'm going to steal some TA. Though only OBV because that's actually pretty significant. For any normal stock you should see OBV pretty much trending with a rough shape of the stock price. GME is... different. There's been very little volume on the spikes downward, implying that none of retail is selling and that the spikes down are artificial. And I truly believe that retail is not selling. I mean sure, there's probably some paper hands out there, but they're pretty much gone. Sorry [/u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/) - I'm stealing your OBV chart from your [Theory of Everything](https://www.reddit.com/r/Superstonk/comments/n66tzh/hanks_definitive_gme_theory_of_everything/):
|
||||
|
||||
<https://preview.redd.it/5dcqu7qmjey61.png?width=1119&format=png&auto=webp&s=d19795d493bd74c09ddb5cbc5dbe66479b12cfd2>
|
||||
|
||||
But the OBV charct doesn't really explain why the price drops are artificial. It's literally just a chart of OBV increasing over time. It theoretically shows that retail isn't selling, but what exactly is going on here??? That's what has always bugged me. Because I want to know the underlying reason as to why the price moves. Which then led to the SI Report Loop theory.
|
||||
|
||||
To recap from the "SI Report Loop" theory, below we have a chart showing each [SI Report Settlement Date](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest). The Hedgies need to wipe out their shorts by these dates, otherwise they risk a spike in SI% upon the receipt date. They do not want SI% to spike, otherwise it screams to the world, "We haven't covered shit!". So ever since January 29th they've been stuck hiding their short position because they can't risk having retail come back in. Retail will shove a big ol' banana up their ass if they let SI% skyrocket again. But, obviously, from the price increase since February 24, they're fucked anyway because it's costing them more to hide their shorts every time.
|
||||
|
||||
<https://preview.redd.it/wutbcjnwvdy61.png?width=1385&format=png&auto=webp&s=d63c756cf0aa4444366e614c8db4f708a187e3d3>
|
||||
|
||||
I'll refer to the time between these Settlement Dates as a "SI Report Cycle".
|
||||
|
||||
- E.g. Feb 26-Mar 15 is a cycle because it starts and ends on two sequential settlement dates.
|
||||
|
||||
Not only do they have to worry about hiding new shorts they open up during these SI Report Cycles, they need to worry about FTDs from retail buy pressure, and potentially old shorts that were hidden in options expirations that I mentioned in Section 1. For example, if 400,000 PUTs carried shorts and expired on March 19, they'd go, "Oh shit. We have to deal with those too". That's MORE money they have to spend in that cycle. With a higher price floor, that's even MORE money to continue their bullshit.
|
||||
|
||||
It is not a cycle of FTDs. The FTDs are satisfied when they first pop up. They satisfy these FTDs with synthetics, thus increasing their total short position. The FTDs are not "pushed out" but rather their short position is pushed out.
|
||||
|
||||
The cycle they battle is delaying their short position and avoiding the true SI% from appearing. Which at this point is probably well over 200%. Pushing these out costs them money, but does not influence the price because they don't ever exercise the PUTs used to hide the shorts.
|
||||
|
||||
The artificial spikes/drops are due to shorters combating retail buy pressure which occurs between SI Report Cycles. The SHORTERS are the cause of the spikes up and the spikes down.
|
||||
|
||||
If you look closely, we get volatile movement up, and volatile movement downward between each SI Report Cycle. Every. Cycle. Now why is that happening?
|
||||
|
||||
I am convinced that the volatile movement in price are caused entirely by hedgies fucking with the price in an attempt to suppress retail and shake them off. But their attacks are getting weaker because of wasting money on hiding shorts from major options in PUTs and getting closer and closer to going net negative in their net capital calculations.
|
||||
|
||||
Anyways, here's what most likely happens in each SI Report Cycle:
|
||||
|
||||
1. Retail buys in. FTDs pile up because they can't find legitimate shares.
|
||||
|
||||
2. Synthetic shares are created by shorting the stock to suppress the price. Price goes down.
|
||||
|
||||
3. Synthetic-covered ITM CALLs are bought up by shorters who need to deliver FTDs. Immediately exercised and price goes back up (net neutral effect, the synthetics shorting and then the FTDs being satisfied cancel out the volatility)
|
||||
|
||||
4. The price going into the next SI cycle is the "true" price due to retail buying. It's consistently going up because retail is buying and not selling. A slow burn upward.
|
||||
|
||||
5. They hide any additional shorts with OTM PUTs
|
||||
|
||||
We're seeing the price slowly rise because retail is applying buy pressure and not selling. If you removed all the fuckery, we would have seen the price steadily rise over time from January's $30 price point to today's ~$160 price point. Every single spike up is due to hedgies covering FTDs, and every single spike down is due to hedgies suppressing the price. THERE IS NO FRIENDLY WHALE causing these spikes. Each spike is caused by ITM CALLs being exercised. There is no "day" that retail suddenly has mass buy pressure causing the spikes. It is ALL because of the shorters are stuck trying to suppress the price and simultaneously having to satisfy FTDs between each SI Report Cycle.
|
||||
|
||||
Let's draw a rough estimate of price movement in green if no fuckery occurred. Connecting the price floors from January until now. Hmmm. Looks similar to OBV. Doesn't it?
|
||||
|
||||
<https://preview.redd.it/qr5ir9ujnfy61.png?width=1383&format=png&auto=webp&s=5a446fa62937f91c33e1b5b6d40655c64e3d6f47>
|
||||
|
||||
Let's roll back in time to January 13th. GME was the craze around the world. The price point was a meager $30 - many people could enter the game. Due to the hype, even the higher prices of $150-$400 was still attractive for enough buy pressure because the shorters were almost guaranteed to be fucked back then.
|
||||
|
||||
You know what happened in January? FTDs skyrocketed.
|
||||
|
||||
<https://preview.redd.it/zjv8dnk17fy61.png?width=1897&format=png&auto=webp&s=3d0a27d4c70e20dcc2e6f87d3d2995efe660d37b>
|
||||
|
||||
The first oh-shit-what-the-fuck-do-we-do moment happened to hedgies:
|
||||
|
||||
1. Retail buys in. A LOT. FTDs continue an insane pile up because they can't find legitimate shares since it was already over 100% shorted at the time.
|
||||
|
||||
2. FTDs need to be stopped. Buys are shut down so that they can satisfy the FTDs and hide their short position to try to kill off retail motivation (we covered! Don't come back now!)
|
||||
|
||||
3. Synthetic shares are created by shorting the stock to suppress the price. Price goes down coupled with retail paperhanding.
|
||||
|
||||
4. Synthetic-covered ITM CALLs are bought up by shorters who need to deliver FTDs. Immediately exercised and price skyrockets.
|
||||
|
||||
5. They hide any additional shorts with OTM PUTs
|
||||
|
||||
6. Combination of #2 and #3 caused the January fake squeeze. All FTDs are now satisfied and they've hidden their short position, but in this process OPENED MANY MORE SHORTS BY CREATING SYNTHETICS.
|
||||
|
||||
And thus, the entire January price spike was artificial and the drop was mostly artificial (note that as of exiting the January squeeze it still resulted in a higher price floor).
|
||||
|
||||
The price died off a bit from January, and it probably was going to swing back into the shorter's favor.
|
||||
|
||||
...Until DFV doubled down in February. It gave retail a second wind. A shitload of buy pressure entered due to the cheaper price, resulting in many FTDs that had to be satisfied through more synthetic shares. It was essentially a repeat of January because it was a cheap price point for retail to enter. Ever since then it has generated a lot of diamond goddamn hands because despite the artificial price swings, the game was still on.
|
||||
|
||||
And then of course, over time, the price has started to converge around $160 due to it being a little bit more expensive for retail to enter. We see higher price floors, but its tapering off because it's getting more expensive for retail to buy in. It's easier to have massive amounts of FTDs from buy pressure in the $40 price point than at the $160 price point. But that's not to say retail is losing. I'm simply explaining why it jumped so fast from a $40 price floor to a >$100 price floor and has since tapered off.
|
||||
|
||||
Literally any catalyst that causes buy pressure surge could cause a repeat of January and February because they'd have to deal with a shitload of FTDs.
|
||||
|
||||
GME has been tapering off with less volume because, well, less retail buying in over time due to a higher cost to enter. The price has been converging around ~$160 since March, and I believe that's all because of the higher price point of $160, so it's a little bit more difficult to get a lot of retail buy pressure due to it being more expensive than it was back before the February runup.
|
||||
|
||||
They continue to match the retail buy pressure with shorts (~50% short volume each day) to suppress the price, continuing to cause these ITM CALL purchases to satisfy retails' FTDs. But it's a fruitless effort because barely anyone is selling despite their tricks. And we see that it's fruitless because the price floor rises each SI Report Cycle. Every. Single. Time.
|
||||
|
||||
So now it's getting to the point where the price is back to the January levels when Melvin received their cash injection. They've been bleeding money trying to suppress SI% and dealing with FTDs by creating more synthetic shares. They can continue this effort... but it doesn't seem like they can much longer.
|
||||
|
||||
Here's a picture of Melvin/Citadel/Point72 as of this moment:
|
||||
|
||||
<https://preview.redd.it/dbbct5b2bfy61.png?width=1349&format=png&auto=webp&s=c1b4e4b3b04bbd32521edde3c9305a36a7dc9268>
|
||||
|
||||
3\. Hello old shorts - Why SI% might skyrocket
|
||||
|
||||
I'll leave you with this thought. I'll call back to the [SI Report Dates](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest). In there, you'll find three columns:
|
||||
|
||||
- Settlement Date: The date at which short interest positions must be determined.
|
||||
|
||||
- Due Date: The date at which the report of the SI from the settlement date is due by.
|
||||
|
||||
- Exchange Receipt Date: The date when FINRA finalizes the reports and delivers them.
|
||||
|
||||
Settlement date. They NEED to have their shorts hidden in PUTs by then or else they are reported in the SI%. (Hey they could very well have figured out a new trick to hide shorts!)
|
||||
|
||||
In February and March, the boys probably had enough capital to combat the 400,000 PUTs expiring and shitting out their short positions on them on both February 19th and March 19th. Since then, they have probably been struggling with net capital and need to keep it high enough while also hiding their short position. (Hello d0ggi3 c0in pump.)
|
||||
|
||||
If April 16th crapped out a bunch of shorts once more, then they would have had to hide them by April 30th Short Interest Settlement. If they have not hidden them, then the receipt date for April 30th SI% is May 11. We could very well see SI% skyrocket on May 11. Note: This is NOT a price increase. This is the SHORT INTEREST percentage that could increase. Basically saying to the world, "Hey you remember how we said we covered? Haha. Good joke. Right? Please be gentle...".
|
||||
|
||||
But of course, we saw some assets pump and dumping. Which might have helped them raise enough capital to hide those shorts again. Even then, they're stuck between a rock and a hard place of retail continuing to buy and very few paper hands selling.
|
||||
|
||||
- Every SI Report Cycle, they need to satisfy new retail FTDs with synthetic shares, increasing their short position. (Price spikes up due to these ITM CALLs)
|
||||
|
||||
- Every SI Report Cycle, they want to try to kill retail buy pressure by shorting the stock, also increasing their short position. (Price drops down or spikes down)
|
||||
|
||||
- The end result is the synthetics and ITM CALLs cancel each other out. The "true" price is revealed going into the next SI Report Cycle.
|
||||
|
||||
- If any SI Report Cycle has a large amount of shorts spill out that were hidden in options, they'll need to determine if they need to delay them or let the shorts get reported on SI%:
|
||||
|
||||
- If they delay the shorts again through PUTs, it costs them money. They have to worry about their net capital and not go net negative. If it's going to cost too much, they need to pump/dump something to raise the capital.
|
||||
|
||||
- If they don't delay the shorts, then the SI% can skyrocket, initiating retail buy pressure again because it shows they haven't covered.
|
||||
|
||||
- Every SI Report Cycle and delaying shorts they bleed money, making net capital an ever-looming presence. They can't pump and dump assets forever.
|
||||
|
||||
- It's just an endless cycle of them making more and more synthetic shares to satisfy FTDs. Digging a deeper grave every day.
|
||||
|
||||
I wonder... how long can they last?
|
@ -0,0 +1,43 @@
|
||||
VIX VOLATILITY INDEX RISING SHARPLY PREMARKETS - 30% increase overnight
|
||||
=======================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/con101smd](https://www.reddit.com/user/con101smd/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n9ub60/vix_volatility_index_rising_sharply_premarkets_30/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
[](https://preview.redd.it/94v22zzd2hy61.png?width=730&format=png&auto=webp&s=e2908b7b0e8856d61dc7f41a727720590ad28868)
|
||||
|
||||
VIX is up 30% total yesterday and over night, last time it hiked as much was in january/march 3-4th
|
||||
|
||||
Key Takeaways. The Cboe Volatility Index, or VIX, is a real-time market index representing the market's expectations for volatility over the coming 30 days. Investors use the VIX to measure the level of risk, fear, or stress in the market when making investment decisions.
|
||||
|
||||
" The VIX spiked by as much as 48.1 percent to a high of 62.12, a level last seen during the 2008 global financial crisis. Since 1990, there have only been 14 episodes where the VIX has spiked above 32.7, according to Bank of America. The VIX topped out at 89.53 in October 2008. "
|
||||
|
||||
Take what you want from this ape and use it in your thorough research with the DD provided but tits r jacked!
|
||||
|
||||
[](https://preview.redd.it/fljvt8qt2hy61.png?width=276&format=png&auto=webp&s=f638f8f9b795174551af29025f7779d95fc654ec)
|
||||
|
||||
shes trending quite fast
|
||||
|
||||
[](https://preview.redd.it/5viooz4lkhy61.png?width=246&format=png&auto=webp&s=9ead59ab5f7fa21660514f96dd7c2d4d34aa4ba6)
|
||||
|
||||
update, BRrrrrrrRrrrrrrrrrrrrr
|
||||
|
||||
[](https://preview.redd.it/ezypp8wslhy61.png?width=251&format=png&auto=webp&s=39ca6e57efb66f3a7f9f2ef0c0e2bc88055a2b54)
|
||||
|
||||
buckle up apes its gonna be a bumpy open
|
||||
|
||||
[](https://preview.redd.it/a3ozs0kfaiy61.png?width=251&format=png&auto=webp&s=68e28ca44d4a12818f0f5ba1d47b5c89bb7f0cd7)
|
||||
|
||||
chugga chugga chugga choo choo
|
||||
|
||||
[](https://preview.redd.it/06nif7nnnhy61.png?width=1242&format=png&auto=webp&s=2d3e7fec45d2f6790837fcc51aa390d40737285e)
|
||||
|
||||
COMPARISON TO $GME courtesy of u/king_tchilla
|
||||
|
||||
HEDGIES R FUKD
|
@ -0,0 +1,222 @@
|
||||
I've estimated the current SI% based on the SI Report Cycle and Deep ITM CALL purchases.
|
||||
========================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/) |
|
||||
|
||||
---
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
0\. Preface
|
||||
|
||||
Not a financial advisor. Yada yada. If you actually listen to me you might want to get your brain checked for crayons.
|
||||
|
||||
Probably no need for any more DDs from me after this one - its a cumulation of my thoughts over the past few months. People were interested in an SI% estimate so I thought, hell yeah, that's interesting shit. Why not?
|
||||
|
||||
On a side note, I've learned pretty much everything I have about the stock market from Peppa Pig. Good stuff. Definitely recommend.
|
||||
|
||||
[](https://preview.redd.it/wfiam0y2t0z61.png?width=549&format=png&auto=webp&s=49c513b5110df562a5032214966ddf0990c1c7a2)
|
||||
|
||||
Once again I'll be referencing charts from the mastermind [/u/broccaaa](https://www.reddit.com/u/broccaaa/) and their post [The Naked Shorting Scam](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/). Go read that shit. Seriously.
|
||||
|
||||
Also, sorry. TLDR is very difficult besides the bullets of Section 0 and my calculated result in Section 2.
|
||||
|
||||
0\. What's Going On Here?
|
||||
|
||||
I've posted a few DDs in the past, and have basically come to the conclusion of the following per the data I've seen. I'll show you a few charts from [/u/broccaaa](https://www.reddit.com/u/broccaaa/)'s post to support this:
|
||||
|
||||
- The price movements we've been seeing, both volatile moves up and down, are caused by the shorters themselves by holding back buy pressure and then unleashing it at a later date. They are the reason we see bursts of high volume and large surges on certain days. This is due to the "SI Report Loop" that they're trapped in, paired with the fact that there are no more shares left in GME and there have been no shares for quite some time. I'll go into more detail in the next section because it is the basis of the SI% calculation.
|
||||
|
||||
- They held back buy pressure from May 1 to May 12, and then it started to be unleashed on May 13. Refer to Section 1 where I discuss the SI Report Cycle.
|
||||
|
||||
- I do not believe they are delaying FTDs or hiding FTDs. Ever. They are satisfying them immediately with fake shares and simply hiding their ever-growing SI%. This is why we never see the "FTD squeeze" theory play out. They aren't juggling a pile of FTDs - they're simply adding to their ever growing short position until they inevitably get margin called from too high of a risk. (Hello??? Reverse repo loans coming out at higher frequencies lately?!)
|
||||
|
||||
- Each type of option is used for a very specific play. We see large purchases of OTM PUTs, ITM PUTs, OTM CALLs, and ITM CALLs popping up in anomalies.
|
||||
|
||||
- OTM PUTs = Used to hide their SI%. This has no effect on the price of GME because these are not being exercised and they maintain OI even until expiration. The shorters are using these to hide their SI% from the world. The main counter-argument to the MOASS is "their SI% is 20%, they covered". So if you're a shorter and you hide your SI%, you can push that narrative that you covered and hope people sell. Supporting Data: Figure 1, PUT OI Versus SI%. Check out how SI% drops when PUT OI skyrockets.
|
||||
|
||||
- ITM PUTs = Used to flash crash the price. This is an expensive move and I believe we only saw this happen once, on March 10. This is a last-ditch effort move where you mass exercise ITM PUTs to crash the price down from a critical point. If you don't remember - March 10 the price hit $350 before being flash crashed down. They have purchased up many more ITM PUTs lately, so they might attempt this again. Supporting Data: Figure 2, PUT OI For Options, March 9 to March 11. Look at how the PUT OI dropped on March 10, indicating mass exercise of options to flash crash.
|
||||
|
||||
- OTM CALLs = Used by other large players who want a profit. [We only just recently started seeing these from what I can tell](https://www.reddit.com/r/Superstonk/comments/nafcuh/a_couple_deep_itm_puts_and_lots_of_otm_calls_were/). I'm assuming that because these just started popping up that other big players are looking to make some cash. The ones that were purchased expire on July 16, 2021. They might be hoping for the squeeze before then and maybe thought $140 was the bottom.
|
||||
|
||||
- ITM CALLs = Used by shorters to filter synthetic shares through and satisfy FTDs. These purchases occur a lot when FTDs pile up. I believe that they continue to use this in conjunction with Citadel in order to fulfil FTDs because there is no liquidity. These options have an effect on price because they are immediately exercised so that the shares can be delivered. Supporting Data: Figure 3, ITM Call Volumes Versus FTDs. Deep ITM CALL volume skyrockets when FTDs increase.
|
||||
|
||||
- And my most important finding: shorts r fuk
|
||||
|
||||
[](https://preview.redd.it/bz6rqprd70z61.png?width=1848&format=png&auto=webp&s=6af2d251b49b225cfc94a8b8ecdfbda05b371e87)
|
||||
|
||||
Figure 1: PUT OI Versus SI%
|
||||
|
||||
[](https://preview.redd.it/br8zshfy70z61.png?width=792&format=png&auto=webp&s=17a336296450a063c9d656891fc0ce95cc74ab56)
|
||||
|
||||
Figure 2: PUT OI For Options, March 9 to March 11
|
||||
|
||||
[](https://preview.redd.it/8haclqqp80z61.png?width=1894&format=png&auto=webp&s=ea99b5a40cd13293e51f68e9a99e3a15e70a5196)
|
||||
|
||||
Figure 3: ITM Call Volumes Versus FTDs
|
||||
|
||||
1\. There Are No Shares Left. Every Share Being Bought Is Synthetic
|
||||
|
||||
Well, at least most of them are synthetic. A vast majority are synthetic due to SI% being over 100% since December. You don't just suddenly find liquidity in GameStop after naked shorting the shit out of it. It's going to have to be continuously naked shorted (and produce synthetics) to satisfy buyers until the MOASS. Otherwise, whoopsie. They'll have to start unwinding a bunch of FTDs from being forced to deliver (and find the shares). So instead of that route, they'll make fake shares for the FTDs.
|
||||
|
||||
I've been trying to understand what the hell has been going on with the price. Why did it surge in January? Why did it surge in February? Why March? Why did we see volatile jumps all over the place? Why does buying pressure seemingly get negated? T+13? T+21? T+35? No, no, no. It is all SI Report Loop. They're stuck in that loop and can't get out. I've talked about this in [my other DD](https://www.reddit.com/r/Superstonk/comments/n792mf/all_shorts_must_cover_theyre_entering_the_danger/) but I'll recap because it's very relevant here for why we can use ITM CALLs to calculate SI%:
|
||||
|
||||
The shorters are stuck in a loop revolving around [Fina Short Interest Reporting](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest). What exactly is this?
|
||||
|
||||
> FINRA requires firms to report short interest positions in all customer and proprietary accounts in all equity securities twice a month.
|
||||
|
||||
There's three columns on that link. What are they:
|
||||
|
||||
- Settlement Date: The date at which short interest positions must be determined.
|
||||
|
||||
- Due Date: The date at which the report of the SI from the settlement date is due by.
|
||||
|
||||
- Exchange Receipt Date: The date when FINRA finalizes the reports and delivers them.
|
||||
|
||||
You want to make sure that your short positions are hidden by the Settlement Date so that it pops up to the world on the Receipt Date. For example, they opened up a shitload of OTM PUTs (Figure 1, PUT OI Versus SI%) prior to January 29th Settlement. Upon February 9th, SI% dropped like a rock. As long as short positions are hidden or covered by the Settlement date, then the receipt date will not take those into account.
|
||||
|
||||
Refer to Figure 1 on PUT OI skyrocketing when SI% dropped. At that point in time (early February), they could claim to the world that they covered, and they did claim that, but they actually just hid their short position from the world's eyes.
|
||||
|
||||
Here's a copy/paste of the dates for 2021. I'm going to only copy the ones through the start of June:
|
||||
|
||||
| Settlement Date | Due Date | Exchange Receipt Date |
|
||||
| --- | --- | --- |
|
||||
| January 15 | January 20 | January 27 |
|
||||
| January 29 | February 2 | February 9 |
|
||||
| February 12 | February 17 | February 24 |
|
||||
| February 26 | March 2 | March 9 |
|
||||
| March 15 | March 17 | March 24 |
|
||||
| March 31 | April 5 | April 12 |
|
||||
| April 15 | April 19 | April 26 |
|
||||
| April 30 | May 4 | May 11 |
|
||||
| May 14 | May 18 | May 25 |
|
||||
| May 28 | June 2 | June 9 |
|
||||
| June 15 | June 17 | June 24 |
|
||||
|
||||
So we can say that between each Settlement Date is a loop where they'll have new shorts open up, and then they want to hide those new shorts by the next Settlement Date so that it doesn't appear on the SI% report and increase it. (Imagine if one day we saw SI% jump back up from 20% to 140% or more. Imagine the headlines. They can't risk that happening).
|
||||
|
||||
And what exactly goes on between each loop? Let me bring up my handy-dandy chart again before continuing. I've plotted the Settlement Dates here and boxed volatility moments. You'll see that there is ALWAYS a volatile move up and a volatile move down between these dates.
|
||||
|
||||
[](https://preview.redd.it/il7rvu09d0z61.png?width=1423&format=png&auto=webp&s=e80d44e1b085ef132070f37c5cc45171519ca58e)
|
||||
|
||||
Figure 4: SI Report Loop And Volatility
|
||||
|
||||
Here's what I am assuming happens:
|
||||
|
||||
1. Retail starts buying. They (Citadel & Co) create synthetics to match this buy pressure because there's no liquidity/no shares available. This negates buy pressure and any additional shorts (iborrowdesk) helps drive the price downward.
|
||||
|
||||
2. Retail doesn't get their shares delivered. FTDs start piling up. The synthetics created in #1 and the shorts that were opened in #1 need to be hidden by the next SI report date otherwise it will pump the SI% up again. The FTDs must be satisfied as well or it will start an unwinding of their massive web of bullshit.
|
||||
|
||||
3. They feed these synthetics into Deep ITM CALLs that are then purchased up, exercised, and used to satisfy the FTDs that were created by retail buying. This process drives the price up. Retail now owns more fake shares and their overall short position continues to grow.
|
||||
|
||||
4. Combination of #1 and #3 cancels out the downward pressure on the price. GME creates a higher low as long as retail didn't sell. If you look at the GME price chart, you'll notice how it continues to create a higher floor between each SI Report Cycle. Basically, the "true" GME price is revealed after #1 and #3 cancel each other out because it shows how retail buying increased the price relative to the prior SI Report Cycle.
|
||||
|
||||
5. Any additional shorts they have will be pushed under the rug with OTM PUTs.
|
||||
|
||||
Each cycle they continuously grow an ever larger short position and thus an ever larger SI% with these synthetics and additional borrowing. Meaning they continue to have higher risk, and their margin call price slowly moves downward. They keep making it worse for themselves. Every cycle they spend a little money kicking it down the road. Every cycle the price floor rises. Every cycle they increase their short position.
|
||||
|
||||
You know how we see >=50% short volume each day? That's most likely them pairing 1:1 with retail buys for synthetics so that they can be later delivered through ITM CALLs. A bold assumption of course, but it could be relevant and might explain why we've been seeing that data of short volume.
|
||||
|
||||
That's why I believe that the volatile price movements both up AND down are caused by the shorters themselves by holding back buy pressure and then unleashing it at a later date. They are the reason we see bursts of high volume and large surges on certain days. They suppress the buy pressure with synthetics, but then must deliver those synthetics to satisfy FTDs. Upon exercising the ITM CALLs to deliver these synthetics, they cause the price to surge upward.
|
||||
|
||||
I am assuming that every one of these Deep ITM CALL purchases are synthetic-covered and thus 100 fake shares per contract.
|
||||
|
||||
2\. Assumptions In Calculating SI%, And Results
|
||||
|
||||
We're assuming that the Deep ITM CALLs are not used to hide FTDs but they are rather used to satisfy the FTDs immediately with fake shares. This is most likely why we never saw the "hidden FTDs" pop out again to support the FTD squeeze theory. Because they've already been delivered, and the synthetics keep pumping into their total SI%. So they're in the process of juggling an ever-increasing SI% position while the price also continues to rise.
|
||||
|
||||
Per [/u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/), between March 1st and March 11th, inclusive, [there were approximately 27,650 Deep ITM CALLs purchased](https://www.reddit.com/r/GME/comments/m31f8b/2day_update_168_million_on_6650_deep_itm_calls/). If we assume that all of those were to fulfill FTDs and are synthetic due to no liquidity in the market, then that comes out to 27,650 * 100 = 2,765,000 synthetic shares from March 1st to March 11th.
|
||||
|
||||
In another post, on April 1st, [there were approximately 5,960 Deep ITM CALLs purchased](https://www.reddit.com/r/GME/comments/mk6e2q/106m_of_deep_itm_calls_were_purchased_on_thursday/). Likewise, this equates to 5,960 * 100 = 596,000 synthetic shares on April 1st.
|
||||
|
||||
[](https://preview.redd.it/eznmnbrc20z61.png?width=1890&format=png&auto=webp&s=c3002fadc94ca03ab92d3a4b17f322f97c2c5091)
|
||||
|
||||
Figure 5: Cumulative Deep ITM CALL Volumes, March 1st to March 11th
|
||||
|
||||
Look at the volumes between March 1st and March 11th compared to everything else. Oof. All those blips of ITM CALL anomalies is nothing compared to January and the spike in February.
|
||||
|
||||
To be conservative I'm going to ignore straight up "volume" and rather calculate SI% based on a ratio of [/u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/)'s data to the volumes we see. Here's results based on March 1st to March 11th, and April 1. I'm going to do an even value closer to the lower bound of 0.25 to get our "Average". It just makes the math easier.
|
||||
|
||||
| | March 1st to March 11th | April 1 |
|
||||
| --- | --- | --- |
|
||||
| Cumulative ITM Calls | 27,650 | 5,960 |
|
||||
| Cumulative Volume | ~110,000 | ~14,000 |
|
||||
| Ratio of Volume to CALLs | ~0.25 | ~0.42 |
|
||||
| "Average" Ratio | | ~0.3 |
|
||||
|
||||
Since we don't have historical data prior to 3/1, I'm going to use these two data points (March 1-March 11, and April 1) as our estimated "synthetics created" per volume.
|
||||
|
||||
With a conservative estimate, we'll say that we get 30 synthetic-covered CALLs that are exercised for every 100 volume (0.3 ratio). And thus 3,000 synthetic shares per 100 volume.
|
||||
|
||||
Let's tally it up based on Figure 5. I'm doing approximations for volumes because I do not have the data sheet that was used to create this figure. It's also easier to work with even numbers. Sorry for the long table.
|
||||
|
||||
| Date | Volume | Approximate Synthetic CALLs (Volume*0.3) | Approximate Synthetic Shares (CALLs*100) |
|
||||
| --- | --- | --- | --- |
|
||||
| Janaury 7 | 3,125 | 938 | 93,800 |
|
||||
| January 11 | 3,125 | 938 | 93,800 |
|
||||
| January 13 | 62,500 | 18,750 | 1,875,000 |
|
||||
| January 14 | 25,000 | 7,500 | 750,000 |
|
||||
| January 15 | 12,500 | 3,750 | 375,000 |
|
||||
| January 19 | 13,000 | 3,900 | 390,000 |
|
||||
| January 20 | 6,250 | 1,875 | 187,500 |
|
||||
| January 21 | 10,000 | 3,000 | 300,000 |
|
||||
| January 24 | 125,000 | 37,500 | 3,750,000 |
|
||||
| January 25 | 100,000 | 30,000 | 3,000,000 |
|
||||
| January 26 | 210,000 | 63,000 | 6,300,000 |
|
||||
| January 27 | 260,000 | 78,000 | 7,800,000 |
|
||||
| January 28 | 80,000 | 24,000 | 2,400,000 |
|
||||
| January 29 | 61,500 | 18,450 | 1,845,000 |
|
||||
| February 1 | 62,500 | 18,750 | 1,875,000 |
|
||||
| February 2 | 18,750 | 5,625 | 562,500 |
|
||||
| February 3 | 13,000 | 3,900 | 390,000 |
|
||||
| February 4 | 3,125 | 938 | 93,800 |
|
||||
| February 5 | 3,125 | 938 | 93,800 |
|
||||
| February 8 | 3,125 | 938 | 93,800 |
|
||||
| February 9 | 6,000 | 1,800 | 180,000 |
|
||||
| February 10 | 3,125 | 938 | 93,800 |
|
||||
| February 11 | 1,000 | 300 | 30,000 |
|
||||
| February 16 | 1,000 | 300 | 30,000 |
|
||||
| February 19 | 3,125 | 938 | 93,800 |
|
||||
| February 24 | 120,000 | 36,000 | 3,600,000 |
|
||||
| February 25 | 60,000 | 18,000 | 1,800,000 |
|
||||
| February 26 | 14,000 | 4,200 | 420,000 |
|
||||
| March 1 | 13,000 | 3,900 | 390,000 |
|
||||
| March 2 | 4,000 | 1,200 | 120,000 |
|
||||
| March 3 | 10,000 | 3,000 | 300,000 |
|
||||
| March 4 | 8,000 | 2,400 | 240,000 |
|
||||
| March 8 | 24,000 | 7,200 | 720,000 |
|
||||
| March 9 | 15,000 | 4,500 | 450,000 |
|
||||
| March 10 | 26,000 | 7,800 | 780,000 |
|
||||
| March 11 | 6,500 | 1,950 | 195,000 |
|
||||
| March 12 | 2,000 | 600 | 60,000 |
|
||||
| March 15 | 2,000 | 600 | 60,000 |
|
||||
| March 17 | 6,000 | 1,800 | 180,000 |
|
||||
| March 18 | 3,125 | 938 | 93,800 |
|
||||
| March 25 | 3,125 | 938 | 93,800 |
|
||||
| March 29 | 3,125 | 938 | 93,800 |
|
||||
| March 31 | 4,000 | 1,200 | 120,000 |
|
||||
| April 1 | 10,000 | 3,000 | 300,000 |
|
||||
| Total | | | 42,713,000 |
|
||||
|
||||
Yup. Assuming only 30% of the volumes resulted in actual synthetic CALLs being exercised to cover FTDs, we come up with a potential of 42,713,000 synthetic shares being created between January 7th and April 1st.
|
||||
|
||||
Just for fun though, and I'm sure some of you are curious. Let's assume 100% of the volumes were accounted for. What would that give us? Dun dun dun... 142,375,000 synthetic shares. But I'll stick with the conservative estimate for now. Just thought I'd slap that in there for fun.
|
||||
|
||||
Now let's assume that these were all NEW synthetics created because the SI was already over 100%. (Why else would they be buying these? The assumption is ITM CALLs are necessary for zero liquidity.) So we'll take the peak SI% since shitheads never covered and never will cover. The SI was 141% at its peak. Since 141% is based on 55,000,000 float, we'll say the original short position was 77,550,000, resulting in a grand total of 120,263,000 shares short as of April 1.
|
||||
|
||||
What is the theoretical SI% now with our estimated shorts/synthetics just up to April 1st if the GME float is either 55,000,000 or the theoretical 30,000,000 as of late?
|
||||
|
||||
| GME Total Float | SI% |
|
||||
| --- | --- |
|
||||
| 55,000,000 | 218% |
|
||||
| 30,000,000 | 400% |
|
||||
|
||||
Oh dear god. That's a lot of tendies.
|
||||
|
||||
They're amassing such a huge position that keeps growing every single SI Report Cycle. It's no surprise these reverse repo rates are coming out more frequently and in larger sums. They are battling a massive risk position now and GME is continuing to rise in price. They've got to be on their last legs.
|
||||
|
||||
GME has been edged so much and so long that when it explodes it's going to rip a hole in the fabric of space and time and the simulation we live in will crash.
|
||||
|
||||
Cheers apes. I'll see you on the other side.
|
271
DD/2021-05-18-Theory-on-FTD-Loop-Missing-Link.md
Normal file
271
DD/2021-05-18-Theory-on-FTD-Loop-Missing-Link.md
Normal file
@ -0,0 +1,271 @@
|
||||
Theory on the FTD Loop Missing Link - a T+35 surge followed by an infinite T+21 loop surrounding specific option dates. Support for April 16th options T+21 theory pointing to a possible surge tomorrow, or T+35 surge on May 24th
|
||||
|
||||
===================================================================================================================================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/) |
|
||||
|
||||
---
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
0\. Preface
|
||||
|
||||
I'm not a financial advisor. <Insert witty comment here before posting>.
|
||||
|
||||
Speculative post? OR REAL SHIT? I'm pretty hyped about April 16th being a doomsday clock for the hedgies, since that's the time they started working the night shift. "Give it up for day 15!" as Mr. Krabs would say.
|
||||
|
||||
Do you like dates? I like dates. I'd be happy to take you on one. Just ask. 😉
|
||||
|
||||
I would like apes to pick at this, because I feel like we're really close to finding the secret sauce to the price movements and predicting the next surge (maybe even MOASS ignition). Is it T+21? Is it T+35? Both? I've got some charts for you to take a peek at and help discuss!
|
||||
|
||||
Shoutout to the big brain apes lately who started to bring traction to the FTDs again. I'd love to get all of your guys input and any other apes I've missed or who want to join in:
|
||||
|
||||
[/u/juventinn1897](https://www.reddit.com/u/juventinn1897/)
|
||||
|
||||
[/u/Suspicious-Singer243](https://www.reddit.com/u/Suspicious-Singer243/)
|
||||
|
||||
[/u/Horror_Fishing_2523](https://www.reddit.com/u/Horror_Fishing_2523/)
|
||||
|
||||
[/u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/)
|
||||
|
||||
Let's DRAGON BALL FUSION this!
|
||||
|
||||
[](https://preview.redd.it/ch9tiqqwwsz61.png?width=1442&format=png&auto=webp&s=51e2817ea22f633f88092b6a5d2d04653c3712e0)
|
||||
|
||||
Idea courtesy of /u/435f43f534
|
||||
|
||||
1\. How to Determine T+35 and T+21
|
||||
|
||||
Before we move forward, I think it's important to talk about T+35 and T+21. I've made the mistake of counting T+0 from option expiration, which I don't believe is right. The clock actually starts ticking on the Monday following options expiration. So, big whoops on my behalf.
|
||||
|
||||
Quoting from [this post](https://www.reddit.com/r/Superstonk/comments/ml3exp/the_foass_speculation_yeah_foass/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) describing different T+N settlements:
|
||||
|
||||
> It is not until T+35 (calendar days) when a clearing agency enters into a forced covering position.
|
||||
|
||||
Ah, interesting. So after T+35 calendar days, the clearing agency is forced to start delivering.
|
||||
|
||||
And if I recall correctly, T+21 derives from brokers having a limit of T+16, but a Market Maker gets an additional +5 days, which results in T+16+5 = T+21. So, Market Makers will be forced to deliver after T+21.
|
||||
|
||||
Let's walk through an example of T+35:
|
||||
|
||||
1\. April 16 Options Expiration. T+35 clock starts the following Monday, April 19th, as T+0.
|
||||
|
||||
2\. Each calendar day following is +1, not including Holidays. This gives us:
|
||||
|
||||
| April 16th Options Expiration | |
|
||||
|
||||
| --- | --- |
|
||||
|
||||
| Date | T+N |
|
||||
|
||||
| April 19th | T+0 |
|
||||
|
||||
| April 20th | T+1 |
|
||||
|
||||
| April 21st | T+2 |
|
||||
|
||||
| ... | |
|
||||
|
||||
| April 26th | T+7 |
|
||||
|
||||
| ... | |
|
||||
|
||||
| May 21st | T+32 |
|
||||
|
||||
| May 24th | T+35 |
|
||||
|
||||
Cool beans. Let's walk through an example of T+21:
|
||||
|
||||
1\. April 16 Options Expiration. T+21 clock starts the following Monday, April 19th, as T+0.
|
||||
|
||||
2\. Each business day following is +1, not including Holidays. This gives us:
|
||||
|
||||
| April 16th Options Expiration | |
|
||||
|
||||
| --- | --- |
|
||||
|
||||
| Date | T+N |
|
||||
|
||||
| April 19th | T+0 |
|
||||
|
||||
| April 20th | T+1 |
|
||||
|
||||
| April 21st | T+2 |
|
||||
|
||||
| ... | |
|
||||
|
||||
| April 26th | T+5 |
|
||||
|
||||
| ... | |
|
||||
|
||||
| May 17th | T+20 |
|
||||
|
||||
| May 18th | T+21 |
|
||||
|
||||
So depending on if the Market Maker or the Clearing House is forced to deliver for April 16th options, if they are significant, then we're looking at one of two possibilities here:
|
||||
|
||||
1\. Market Maker delivers on T+21, May 18th
|
||||
|
||||
2\. Clearing House delivers on T+35, May 24th
|
||||
|
||||
2\. Support for April 16 T+21 Theory
|
||||
|
||||
[/u/juventinn1897](https://www.reddit.com/u/juventinn1897/)'s post is awesome. Take a look. It got my Pomeranian senses tingling again, so I took a look at the charts again once I looked at their findings a bit more:
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/ne3ra6/t21_from_put_expiry_dates_could_be_key_to_the_ftd/>
|
||||
|
||||
[/u/juventinn1897](https://www.reddit.com/u/juventinn1897/)'s theory is that we have had T+21 links to January 22 and February 5th, resulting in the February 24th and March 10th bursts due to large amounts of PUT OI increasing since the middle of January. Remember, we don't count holidays. So it all lines up perfectly when you ignore February 15th (Washington's Birthday):
|
||||
|
||||
| January 22nd Options Expiration | |
|
||||
|
||||
| --- | --- |
|
||||
|
||||
| Date | T+N |
|
||||
|
||||
| January 25th | T+0 |
|
||||
|
||||
| January 26th | T+1 |
|
||||
|
||||
| January 27th | T+2 |
|
||||
|
||||
| <Ignore Feb 15> | |
|
||||
|
||||
| February 16th | T+15 |
|
||||
|
||||
| ... | |
|
||||
|
||||
| February 22nd | T+19 |
|
||||
|
||||
| February 24th | T+21 |
|
||||
|
||||
| February 5th Options Expiration | |
|
||||
|
||||
| --- | --- |
|
||||
|
||||
| Date | T+N |
|
||||
|
||||
| February 8th | T+0 |
|
||||
|
||||
| February 9th | T+1 |
|
||||
|
||||
| February 10th | T+2 |
|
||||
|
||||
| <Ignore Feb 15> | |
|
||||
|
||||
| February 16th | T+5 |
|
||||
|
||||
| ... | |
|
||||
|
||||
| March 8th | T+19 |
|
||||
|
||||
| March 10th | T+21 |
|
||||
|
||||
With that relationship established, T+21 from April 16th truly points to tomorrow, May 18th, because we need to start T+0 from the Monday following the option expiration. May the force be with you, prophet [/u/juventinn1897](https://www.reddit.com/u/juventinn1897/)! I sure as hell would like tendies tomorrow!
|
||||
|
||||
3\. What if it's Actually a Combination of T+35 and T+21? The Missing Link?
|
||||
|
||||
Now... with that being said, I'd like to throw a curve ball at you. Instead of T+21, perhaps it starts with T+35 from major options dates and then it triggers an ever-looping T+21 cycle from those initial options dates:
|
||||
|
||||
1\. The option expires and then T+35 calendar days later the Clearing House starts to deliver.
|
||||
|
||||
1. Clearing House -> Market Maker delivery complete
|
||||
|
||||
2\. Once the Clearing House delivers on T+35, the Market Maker gets the delivery and enters a T+21 cycle of kicking the can down the road because they don't want to deliver to retail. Price suppression baby!
|
||||
|
||||
1. Market Maker -> Retail/Institution delivery cancelled!
|
||||
|
||||
Theory? The Clearing House delivers to the MMs. The Clearing House is out of the picture now. No more T+35. It's all on the MMs to complete the delivery to retail (or institutions). The MM (Citadel) does not want to deliver, because fuck that! The price will skyrocket! So, they suppress the delivery and continuously can-kick in an infinite T+21. This is an infinite T+21 loop because the MMs are obligated by T+21. Hey! It's FTD squeeze theory! I've come full circle!
|
||||
|
||||
In an actual example, let's look at January 15:
|
||||
|
||||
1\. January 15 options expire. T+35, February 24th, Clearing House delivers to Citadel.
|
||||
|
||||
2\. Citadel caps the delivery to not let the price run wild. Nuh-uh retail! You're not getting deliveries!
|
||||
|
||||
3\. Citadel kicks January 15th deliveries further down the road T+21 more days.
|
||||
|
||||
4\. T+21 March 25th arrives and Citadel has to act quick to kick the can T+21 once more because they are obligated on T+21 as a Market Maker.
|
||||
|
||||
5\. T+21 April 26th arrives and Citadel has to act quick to kick the can T+21 once more.
|
||||
|
||||
6\. Repeats indefinitely until all of January 15th options deliveries are satisfied, or DTC-005 pulls the plug.
|
||||
|
||||
Or take a look at February 5th:
|
||||
|
||||
1\. February 5th options expire. T+35, March 15th, Clearing House delivers to Citadel.
|
||||
|
||||
2\. Citadel caps the delivery to not let the price run wild.
|
||||
|
||||
3\. Citadel kicks February 5th deliveries further down the road T+21 more days.
|
||||
|
||||
4\. T+21 April 14th arrives and Citadel has to act quick to kick the can T+21 once more because they are obligated on T+21 as a Market Maker.
|
||||
|
||||
5\. T+21 May 13th arrives and Citadel has to act quick to kick the can T+21 once more.
|
||||
|
||||
6\. Repeats indefinitely until all of February 5th options deliveries are satisfied, or DTC-005 pulls the plug.
|
||||
|
||||
Ew. I don't like text. I like visuals. And I'm sure you guys do, too. It just helps so much more. Don't worry - I got you! We'll plot the January 15th and February 5th examples on a chart!
|
||||
|
||||
Take a look at this chart of GME. Purple boxes are indicating T+35. Green boxes are indicating T+21. I'd love if someone had data to back up February 5th, or if that's just a red herring. Still, T+35 and then T+21 loop lines up perfectly with February 5th options date when you take into account holidays.
|
||||
|
||||
[](https://preview.redd.it/fnj6sd2srsz61.png?width=1427&format=png&auto=webp&s=a7731b7e3aaacee2dcdaff9e46bdc767c0a90f9f)
|
||||
|
||||
Figure 1: GME T+21 and T+35 Cycles
|
||||
|
||||
Huh? March 15th didn't have a surge! Yes, you are correct. It had a biiiig surge down though. Now take a look at our friend AMC. I've plotted THE SAME EXACT T+35 AND T+21 CYCLES. Notice how similar AMC is? How its following the same spikes? Notice anything different about March 15 for AMC? AMC went up! I bet you they wasted a lot of ammo on March 15th to avoid GME surging up because it was in the $280s at the time. Danger Zone!!
|
||||
|
||||
[](https://preview.redd.it/1vzoarafqsz61.png?width=1423&format=png&auto=webp&s=6df4b3db90f5ab0a635444fa6116bdd23ae73142)
|
||||
|
||||
Figure 2: AMC T+21 and T+35 Cycles
|
||||
|
||||
The similarities in these charts is too much to pass up. Both AMC and GME are heavily shorted stocks and we need to apply the same analysis to both. AMC seems less suppressed compared to GME - fewer attacks - because it's not as big of a problem as GME.
|
||||
|
||||
Once I saw the surge on March 15 for AMC it started to click that the T+35 initiation followed by T+21 loop is probably happening.
|
||||
|
||||
Again though, February 5th is strange. It's not one of the major option dates that were provided last year. The only major option dates provided in early 2020 were:
|
||||
|
||||
- Janaury 15, 2021 (Possibly started T+35 and then subsequent T+21 cycle)
|
||||
|
||||
- April 16, 2021 (Possibly starting another T+35 cycle and subsequent T+21 cycle)
|
||||
|
||||
- July 16, 2021
|
||||
|
||||
- January 21, 2022
|
||||
|
||||
Could be a red herring. Could be that they fucked up thinking GME would have been dead by February 5th T+35 = March 15th. PUT OI and PUT volume skyrocketed during the January runup to absurd amounts (we peaked at 2 million PUT OI = 200 million shares worth). They very well could have chosen February 5th as a date to hide deliveries. This is where I'm hoping I get some help from fellow apes.
|
||||
|
||||
Now once more - this isn't throwing T+21 April 16th theory out just yet! I've plotted it on the charts which signals May 18th as T+21 from April 16th expiration. I just believe that we're probably looking at this T+35 and T+21 relationship instead. Regardless, I'm excited to see what happens tomorrow.
|
||||
|
||||
4\. TL;DR:
|
||||
|
||||
The FTD loop is most likely based around an initial T+35 from the Clearing House, and then an infinite loop of T+21 by Citadel (Market Maker):
|
||||
|
||||
1\. Major option date expires. The Clearing House will deliver to Market Makers after T+35 calendar days because the Clearing House is obligated to deliver after T+35.
|
||||
|
||||
2\. The Clearing House is now out of the picture after T+35 and the Market Maker has the delivery. The Market Maker then has to deliver to retail/institutions.
|
||||
|
||||
3\. The Market Maker (Citadel) doesn't want to deliver, so they cap the deliveries and kick it down the road. The maximum time Citadel can kick the can down the road before it comes back is T+21 business days because Market Makers are obligated to deliver by T+21.
|
||||
|
||||
4\. Once T+21 arrives, they kick the can some more, and maybe a few deliveries spill out, resulting in the price surges we see every T+21 days.
|
||||
|
||||
5\. The resulting relationship from major option expirations is T+35 -> T+21 infinite loop
|
||||
|
||||
6\. You can follow this example with January 15th options expiration.
|
||||
|
||||
1. January 15 T+35 -> February 24th
|
||||
|
||||
2. February 24th T+21 -> March 25th
|
||||
|
||||
3. March 25th T+21 -> April 26th
|
||||
|
||||
4. April 26th T+21 -> May 25th
|
||||
|
||||
- April 16th's T+35 delivery from the Clearing House arrives on May 24th and should initiate another T+21 loop if the theory holds.
|
||||
|
||||
- January 15th's T+21 loop will hit again on May 25th.
|
||||
|
||||
- Combination of #6 and #7 could be a Wombo Combo.
|
||||
|
||||
Cheers! :)
|
54
DD/2021-05-19-Delta-Neutral-Update.md
Normal file
54
DD/2021-05-19-Delta-Neutral-Update.md
Normal file
@ -0,0 +1,54 @@
|
||||
Delta Neutral DD Update: We Need More Volume!
|
||||
=============================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/yelyah2](https://www.reddit.com/user/yelyah2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ngl10o/delta_neutral_dd_update_we_need_more_volume/) |
|
||||
|
||||
---
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
I'm sure you probably don't need a DD to tell you that we need more underlying GME volume (in the form of a catalyst/FOMO), but wanted to share some observations from my work to partially explain why.
|
||||
|
||||
[](https://preview.redd.it/eb8tem2st5071.png?width=910&format=png&auto=webp&s=60751638c8740598797d7732c68745b22bdd3c3e)
|
||||
|
||||
GME 12/1/2020 - 5/19/2021
|
||||
|
||||
Refresher:
|
||||
|
||||
- Delta Neutral: price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like a theoretical floor (although the price can go lower, as seen in February). My theory is that as the underlying approaches the delta neutral, call options go on sale. As people buy call options, MM have to buy the stocks which increases the price. Most stocks like to hang out above the delta neutral, some dip below and create pressure that can shoot them back over the delta neutral (like what happened in February), and some like to hang out below (like the VIX).
|
||||
|
||||
- Gamma Neutral: price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most plan (like we have seen with GME since April). It also goes crazy in periods of high volatility (as you can see by the infinite spikes). It can either be a prelude to a big spike, indicate the end of a large increase, or it can go to zero and indicate the end of a big drop. It's hard to say what it will predict, except that SOMETHING is going to happen when it goes off.
|
||||
|
||||
- Max Pain: price that creates largest loss for option buyers and largest gain for option sellers. This is a controversial topic because underlying prices can drift towards this point. There are typically large areas around the max pain that doesn't make a lot of difference to the profits for option buyer/sellers. I don't use this too often as it's not a very consistent marker to make predictions on, but I keep it as a benchmark.
|
||||
|
||||
Since the beginning of April, the GME has been fairly flat, with a wave-like pattern. This is actually very similar to underlying stocks with very high options volume relative to the underlying equity volume, which means it's highly controlled by MM delta-hedging stock-buying patterns.
|
||||
|
||||
For example, here's a graph of Amazon, which has the highest options volume as a % of underlying.
|
||||
|
||||
[](https://preview.redd.it/1bme4x3tu5071.png?width=910&format=png&auto=webp&s=3baddcf06b3d4e2f21ce4da4438940e8b5d40ede)
|
||||
|
||||
Amazon 2/5/2020 - 5/5/2021
|
||||
|
||||
As you can see, the delta neutral is relatively stable over time. The wave-like patterns is because of a "seasonality" effect leading up to each options expiration date. Delta neutral is generally highest on Fridays on expirations, compared to Mondays, for weekly-optionable equities. You can also see that the underlying value has a relatively stable ratio compared to the delta neutral, supported with resistance by the gamma neutral, and the max pain hugs the underlying pretty well. You can also see that the gamma neutral shoots up during periods of significant increases, but does not necessarily predict them. The ratio of the option volume x 100 / underlying volume for Amazon averages around 900%.
|
||||
|
||||
Now here's a graph of Snowflake Inc, which has option volume as a % of underlying volume that averages more like 100%.
|
||||
|
||||
[](https://preview.redd.it/ams0xoely5071.png?width=910&format=png&auto=webp&s=18c048a012bbdb8d8c4405a309968c5a164b448b)
|
||||
|
||||
SNOW 9/22/2020 - 5/19/2021
|
||||
|
||||
As you can see, this stock is less controlled by MM behavior, and the delta neutral can move with the underlying price more. The underlying also occasionally dips below the delta neutral, before coming back over it. You can also see the gamma neutral generally acts like a support, but can spike down/up if something big is happening.
|
||||
|
||||
You can see in the GME graph above that it used to behave more like SNOW, but is now starting to behave like Amazon and is very controlled by MM patterns. It's also not a surprise, because the GME equity volume has decreased significantly the last two months. The table below summarizes the average 2021 GME volume for the underlying and options.
|
||||
|
||||
[](https://preview.redd.it/st1mcfln06071.png?width=341&format=png&auto=webp&s=a4acd814b56eb69e88a06922066fe540ed6e4f09)
|
||||
|
||||
Average 2021 GME Volume
|
||||
|
||||
You can see that back in January, volume was much higher than options volume, so the underlying buyer dictated price movement. However, volume has dropped so low in May, that the option volume purchases are now 250% of the underlying, and now the price is controlled by options buyers and market makers.
|
||||
|
||||
TLDR: As I said, I'm sure it's not a surprise that we need more volume through a catalyst event, but you should not expect the MOASS to happen until we get that volume surge to overcome the delta-hedging hedgies, and you should expect the price to oscillate between around 5% and 40% of the delta neutral until that happens.
|
||||
|
||||
Disclaimer: I'm just an actuary that likes to play with options data and builds models to trade for a hobby. I have no experience trading professionally or offering any advice to anyone. This all came out of a lot of personal research, and have observed it working pretty consistently with the stocks I track (ones with high options volume). No one has peer reviewed my work, and I can't find support for this on the internet/in books. Therefore, please take this made up theory from a nobody on reddit with a grain of salt.
|
38
DD/2021-05-26-Gamma-Squeeze-Could-Be-Coming-Soon.md
Normal file
38
DD/2021-05-26-Gamma-Squeeze-Could-Be-Coming-Soon.md
Normal file
@ -0,0 +1,38 @@
|
||||
Gamma Squeeze Could Be Coming Soon!
|
||||
===================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/yelyah2](https://www.reddit.com/user/yelyah2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nlrtul/gamma_squeeze_could_be_coming_soon/) |
|
||||
|
||||
---
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
For anyone that follows me, I track total market delta neutral/gamma neutral prices using options data to help with trading. The gamma neutral price is the underlying price that creates a total market gamma of 0 across all GME options (all expiration dates). It is often associated with high volatility, and sometimes (especially in GME's case), it's associated with gamma squeezes.
|
||||
|
||||
The graph below summarizes the GME close price, Delta Neutral price (underlying where a total market delta is 0), and the Gamma Neutral price. You can see that a gamma neutral spike (at $7,387.08) occurred today for the first time since the 3/8 spike that started an 80% increase in a few days!
|
||||
|
||||
[](https://preview.redd.it/39sgr1p95j171.png?width=910&format=png&auto=webp&s=720e309950504c2759d106634cf6c331f17d9638)
|
||||
|
||||
GME 9/22/2020 - 5/26/2021
|
||||
|
||||
I have a few more graphs below that zooms in on various sections so you can see how the gamma neutral price spikes can help signal increases.
|
||||
|
||||
[](https://preview.redd.it/rruwagby5j171.png?width=910&format=png&auto=webp&s=616dfac94d29b0b42d7e5c1e42db1d6d768c1928)
|
||||
|
||||
GME 2/19/2021 - 3/31/2021
|
||||
|
||||
[](https://preview.redd.it/ktkudkb96j171.png?width=910&format=png&auto=webp&s=51b48a9bc6738b664eba2e3c9fc4be763e914392)
|
||||
|
||||
GME 1/4/2021 - 2/17/2021
|
||||
|
||||
Additional information for those interested:
|
||||
|
||||
- Delta Neutral: price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like a theoretical floor (although the price can go lower, as seen in February). My theory is that as the underlying approaches the delta neutral, call options go on sale. As people buy call options, MM have to buy the stocks which increases the price. Most stocks like to hang out above the delta neutral, some dip below and create pressure that can shoot them back over the delta neutral (like what happened in February), and some like to hang out below (like the VIX).
|
||||
|
||||
- Gamma Neutral: price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most plan (like we have seen with GME since April). It also goes crazy in periods of high volatility (as you can see by the infinite spikes). It can either be a prelude to a big spike, indicate the end of a large increase, or it can go to zero and indicate the end of a big drop. It's hard to say what it will predict, except that SOMETHING is going to happen when it goes off.
|
||||
|
||||
Comparison to other stock behavior: [Delta Neutral DD Update](https://www.reddit.com/r/Superstonk/comments/ngl10o/delta_neutral_dd_update_we_need_more_volume/)
|
||||
|
||||
TDLR: Gamma squeeze could be coming!
|
@ -0,0 +1,168 @@
|
||||
Things are shockingly similar to the February 24th and March 10th runup so far. Gamma squeeze indicators from the previous T+21/T+35 have returned. Their doom approaches.
|
||||
==========================================================================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/) |
|
||||
|
||||
---
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
0\. Preface
|
||||
|
||||
I am not a financial advisor, and I do not provide financial advice! Everything within this post is my opinion and observations. They should be taken with skepticism. So grab a crayon my friends! June has started off absolutely wild!
|
||||
|
||||
TL;DR: Hedgies are close to meeting [their doom](https://www.youtube.com/watch?v=Nw_cdqQHGA8). DOOOM.
|
||||
|
||||
[](https://preview.redd.it/umrwsell4r271.png?width=1277&format=png&auto=webp&s=43c58c358fa9130c22b5b6f5b81430992a9583fa)
|
||||
|
||||
I've been labeled as "Doomsayer" by my friends.
|
||||
|
||||
Actual TL;DR: June 1st has kicked off with the DTC, ICC, OCC auction and wind-down plans officially being in place. This means it is OK to launch the rocket because those three entities are now protected. We're seeing very similar price movements and gamma squeeze signals compared to the previous T+35/T+21 runup that occurred from February 24th to March 10th. This means that we could very well see another gamma squeeze of similar or greater magnitude which would begin to go parabolic around June 9th.
|
||||
|
||||
Note: This does NOT mean that a gamma squeeze WILL be coming. This is data supporting the fact that it COULD be coming. Do not take this as financial advice, and be aware that if you day trade you could miss the rocket.
|
||||
|
||||
1\. June Kicked Off A Few Things
|
||||
|
||||
Here's a list of things you might have missed (save for OCC-003) that are now in place as of June 1st. Which further supports that the MOASS is getting close!
|
||||
|
||||
- JP Morgan opened [MORE netting accounts](https://www.dtcc.com/-/media/Files/pdf/2021/5/25/MBS987-21.pdf).
|
||||
|
||||
- These are piggy banks for sucking up assets of defaulting members in the auctions of the DTC, ICC, and OCC. I wonder who JP Morgan is going to consume?
|
||||
|
||||
- DTC, ICC, and OCC wind-down and auction plans now all in place.
|
||||
|
||||
- [OCC-003](https://www.sec.gov/rules/sro/occ/2021/34-92038.pdf) was the final one to join. Welcome, OCC! All three entities are finally ready for the bomb.
|
||||
|
||||
- In my opinion this means that the rocket is ready for takeoff because these entities are now protected.
|
||||
|
||||
- ICC [index swaption](https://www.investopedia.com/terms/d/dowjonescdx.asp) discounts started through [ICC-014](https://www.sec.gov/rules/sro/icc/2021/34-91922.pdf).
|
||||
|
||||
- Think of this as an index like SPY/QQQ/VIX/etc. that watches for the potential defaults of others in the financial world.
|
||||
|
||||
- The base swaptions are just like options, they give you the right but not the obligation to buy (or sell) insurance. But, this rule is for the INDEX discounts - meaning it is a bundle of these swaptions among a bunch of entities.
|
||||
|
||||
- The ICC must be preparing for members of the index to be going on the brink of defaulting, or defaulting. From my interpretation, these discounts give others a cheaper hedge against defaults, and potentially get to scrape by instead of going under. This won't save the guys who are in too deep, it just helps everyone else to remain afloat after this market bomb goes off.
|
||||
|
||||
- ["Trading halt" rule amendments](https://www.reddit.com/r/DDintoGME/comments/no2ogw/two_approved_amendments_to_trading_halts_as_of_528/?utm_medium=android_app&utm_source=share) were passed May 28th, and are therefore in effect as of June 1st.
|
||||
|
||||
- The wording of these amendments are VERY interesting. And the timing is VERY interesting. Take a look.
|
||||
|
||||
- They will allow halts "In the event of a series of quotes, orders, or transactions at prices substantially unrelated to the current market for the security or securities"
|
||||
|
||||
- E.g. They are preparing for people to be placing sell orders on securities/stocks that are WAY far away from the current trading price. Sound familiar? Like if GME is trading at $260 and a sell order comes in for $100k, $500k, $1m, $10m, etc? Yeah. Very curious why they'd push this amendment out.
|
||||
|
||||
- Edit: This is most likely to have a slow burn upward in price on the standard +/-10% within 5 minutes trading halt. Don't worry about what has yet to happen. Only time will tell how this plays out!
|
||||
|
||||
2\. Similarities To The Previous T+21 T+35 Runup
|
||||
|
||||
It's quite amazing to look at everything right now and see the similarities. We already know that the T+21 loop is confirmed. It's like poetry. GME hits a beat in a cyclical manner every 21 trading days, and it is evidence that shorters are stuck in an endless dance. [Can we really look at T+21 and think that "they have covered their short positions"...?]
|
||||
|
||||
If we can see patterns emerge from T+21, we can most likely see patterns emerge from T+21 and T+35. And so far, the current T+21/T+35 looks shockingly similar to the previous T+21/T+35.
|
||||
|
||||
One similarity is the resurgence of gamma squeeze signals.
|
||||
|
||||
The amazing ape [/u/yelyah2](https://www.reddit.com/u/yelyah2/), and I'm sure many others, have been [identifying signs that a gamma squeeze could be coming](https://www.reddit.com/r/Superstonk/comments/nlrtul/gamma_squeeze_could_be_coming_soon/):
|
||||
|
||||
[](https://preview.redd.it/q69cchm7kq271.png?width=1128&format=png&auto=webp&s=811f48c1afbefe1b70605994fc49a5e9a8070b77)
|
||||
|
||||
Figure 1: Gamma Neutral Values; From /u/yelyah2
|
||||
|
||||
The most important data point to keep an eye on here is the yellow that spikes up/down. This is the "Gamma Neutral" value.
|
||||
|
||||
> The gamma neutral price is the underlying price that creates a total market gamma of 0 across all GME options (all expiration dates). It is often associated with high volatility, and sometimes (especially in GME's case), it's associated with gamma squeezes. - [/u/yelyah2](https://www.reddit.com/u/yelyah2/)
|
||||
|
||||
In other words, if you see Gamma Neutral spike up to the thousands and GME is currently trading in the hundreds, that means a Gamma Squeeze could be coming. Because the price needs to shift up to that amount in order to return gamma to 0 for a low-risk hedge. I'd definitely recommend reading their work on their findings!
|
||||
|
||||
You'll see that in the first purple circle of Figure 1, Gamma Neutral spikes up on February 24th. Gamma Neutral then slams back down a few days later because the pressure was killed off. About a week later, March 5th, Gamma Neutral spikes again and remains high until the flash-crash of March 10th. Up until the flash crash, GME went on an absolute run in price and was starting to go parabolic.
|
||||
|
||||
Take a look at the second purple circle of Figure 1. The same spike up/down over the course of a few days occurred again starting May 25th. Oddly similar to February 24th's spike up/down, right? Both brief anomalies initiated on T+21 dates.
|
||||
|
||||
Between March 10th and May 25th, Gamma Neutral hasn't spiked up at all, despite there being two additional T+21 cycles between:
|
||||
|
||||
- March 25th (T+21)
|
||||
|
||||
- April 26th (T+21)
|
||||
|
||||
Huh. What could have changed this time on May 25th?
|
||||
|
||||
[Enter T+21 and T+35](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/). The mechanics aren't fully fleshed out for why T+35 happens, I mean it's all based on patterns we see, but T+35 most likely applies to [Net Capital](https://www.reddit.com/r/Superstonk/comments/n4h832/major_deep_itm_call_option_dates_a_massive_net/). Net Capital being that the shorters must adjust their short position debts after a timeframe of their debts being discovered, or risk going net negative. This must be done in order to not default, because going net negative would trigger a margin call.
|
||||
|
||||
These T+35's initiate from three major option dates:
|
||||
|
||||
1. January 15th, 2021 (--> February 24th)
|
||||
|
||||
2. April 16th, 2021 (--> May 24th)
|
||||
|
||||
3. July 16th, 2021 (--> August 23rd)
|
||||
|
||||
So, we're not looking at purely T+21 days, but a [wombo-combo](https://www.youtube.com/watch?v=pD_imYhNoQ4) of T+35 and T+21 which could very well be the reason gamma squeeze signals are flashing again. Per my theory, a T+35/T+21 occurred last week, May 25th, due to April 16th options expirations. And the previous T+35/T+21 occurred on February 24th.
|
||||
|
||||
COOL. So it appears that T+21/T+35 cycles can cause gamma squeezes due to the extra pressure on the shorters, and that might be why we're seeing a resurgence of the Gamma Neutral squeeze indicator this cycle. Oof, not a lot of data points, but hey. I like the patterns. 👀
|
||||
|
||||
Moving forward, let's take a look at the price movements over the past few days. Of note:
|
||||
|
||||
- The purple call-out boxes are pointing to T+21/T+35 cycles (Feb 24, May 25).
|
||||
|
||||
- The red call-out boxes are pointing to purely T+21 cycles (March 25, April 26).
|
||||
|
||||
[](https://preview.redd.it/jfeq0m27vq271.png?width=1323&format=png&auto=webp&s=37a8d9f5925ed265cd3673714d95adc9b600140e)
|
||||
|
||||
Figure 2: GME Price Activity; Similarities Between Feb 24 T+21/T+35 and May 25 T+21/T+35
|
||||
|
||||
Starting back at February 24th, all the way to the left of Figure 2, you'll see the purple callout box pointing to a purple box around the actual prices of GME. The lower bound of the box starts at the close price of February 24th, and the upper bound of the box ends at the close price of March 2nd, which is 4 trading days later. I used 4 trading days because, well, that's how many days we have seen since May 25th so far. I've applied this same method to all other T+21 dates and plotted their respective boxes. This is a visual to show you the behavior of the price following T+21 and T+21/T+35 cycles, and the differences between the two.
|
||||
|
||||
You'll notice how on the T+21 days between February 24th and May 25th (red callouts), that the price was anchored around the same closing price of T+21 and not much upward pressure was applied. Meanwhile, the T+21/T+35 cycles (purple callouts) have had breakaways from these prices and are gaining much more momentum. The prices following T+21/T+35 have more support and are doing that beautiful bull-flag pattern that TA apes love. Further supporting that we're in a potential runup to a gamma squeeze in the near future.
|
||||
|
||||
[Can't stop. Won't stop](https://www.youtube.com/watch?v=HgzGwKwLmgM). GameStop.
|
||||
|
||||
The similarities of the price movement so far are quite hype, because this is on top of the resurgence of the gamma squeeze indicators.
|
||||
|
||||
With all of the DTC, ICC, and OCC auction and wind-down plans being in effect as well as the other items I identified in Section 1.... man. It seems too good to be true right now.
|
||||
|
||||
For fun, I plotted in blue ("10 bars, Nd") the gamma ramp timeframes in Figure 2. Check out when the next parabolic move like March 10th could occur. June, frickin' 9th. Sound familiar? Shareholder meeting? It's probably just coincidence, but damn. Good timing. Also haha 6/9. Nice.
|
||||
|
||||
Further possible support is this post by the amazing ape [/u/isnisse](https://www.reddit.com/u/isnisse/). They have identified that a [breakout could be coming on June 10th](https://www.reddit.com/r/Superstonk/comments/np3cyg/the_tables_will_turn/). They've used a really clever approach to guesstimate the breakout. Definitely take a look! Confirmation bias overloaded once I saw this.
|
||||
|
||||
One last thing to note before moving on is the number of consecutive green close days that have followed May 25th. We have not seen that before, where there's a ton of support following T+21 or T+21/T+35, even back for the February 24th cycle.
|
||||
|
||||
Are shorties losing their grip? One metric I was watching for the longest time was Deep ITM CALL purchases, which could also signal that their DOOOM is near.
|
||||
|
||||
3\. The Death of Deep ITM CALLs?
|
||||
|
||||
In my [previous post](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/), I was thinking that these Deep ITM CALLs were being used to satisfy FTDs. Now I'm not entirely sure - it could be used for that purpose, certainly. But it could simply be that they were used to delay the FTDs rather than satisfying them as people were predicting for the longest time. If that is the case, then the shorties are most likely losing their grip, as shown by the increase of volumes in meme stocks across the board. The <insert offensive word> is about to hit the fan.
|
||||
|
||||
I'm grabbing this figure from [/u/broccaaa](https://www.reddit.com/u/broccaaa/)'s post [The Naked Shorting Scam](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/) which compares Deep ITM CALL Volumes to FTDs:
|
||||
|
||||
[](https://preview.redd.it/c490umhwqq271.png?width=1907&format=png&auto=webp&s=93f449a5150c398e9a88e857a937677e239fae70)
|
||||
|
||||
Figure 3: Deep ITM CALL Volumes Vs FTDs; From /u/broccaaa
|
||||
|
||||
When FTDs skyrocket, Deep ITM CALLs are eaten up. You see this occur extensively in January due to the mini-squeeze that occurred from massive FOMO of retail around the world. And then a resurgence of these Deep ITM CALL anomalies in the February 24th to March 10th runup due to more FTDs appearing.
|
||||
|
||||
Ever since March 10th, these Deep ITM CALL purchases have slowly decayed and died off. User [/u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) had been posting about these anomalies for weeks, and weeks, until suddenly - the anomalies stopped. The only significant purchases that have been made since the Deep ITM CALLs died off have been for Deep OTM CALLs and Deep ITM PUTs.
|
||||
|
||||
- [Deep OTM CALLs were purchased](https://www.reddit.com/r/Superstonk/comments/nafcuh/a_couple_deep_itm_puts_and_lots_of_otm_calls_were/). Possibly a big entity expecting the price to pop by July 16th.
|
||||
|
||||
- Deep ITM PUTs were purchased as well (same link). [We got a warning that they could be used to flash crash the price on May 28th](https://www.reddit.com/r/Superstonk/comments/nmxze3/flash_crash_warning_4000_618_300_puts_bought_last/), and sure enough, it happened.
|
||||
|
||||
So what does this mean? The give-up on Deep ITM CALLs could be many things.
|
||||
|
||||
Perhaps there's no more liquidity to use them?
|
||||
|
||||
Maybe they came up with a better way to delay FTDs?
|
||||
|
||||
It could be too expensive and they can't delay FTDs any more?
|
||||
|
||||
Maybe, by some weird reason, DTC-005 is actually in effect and blocking this practice - which makes the FTDs come to fruition these next few weeks?
|
||||
|
||||
The resurgence in meme stocks across the board makes it look like they're losing their grip and its simply too expensive for them to delay it any more. The volume, in my eyes, is not shorts covering but the volume is due to the FTDs beginning to pour out into the world.
|
||||
|
||||
The peddling of AMC could be that is their last and only option. To divide and conquer. Their best chance now is to try to pull GME apes into AMC because, despite it being shorted heavily as well, it is a much higher float and lower price. Therefore it would be easier to contain and take control of. They have to try to push AMC because all their other efforts failed. That being said, when GME goes off, AMC, KOSS, and other meme stocks will most likely squeeze as well. But - GME is the backbone, and only as long as GME remains strong will every stock experience a squeeze.
|
||||
|
||||
The latest T+21/T+35 cycle is prepping a gamma squeeze, just like what we saw from February 24th to March 10th. It's surprising how similar things are looking so far, especially in the price movement and support staying in the $260s as of after hours of June 1st.
|
||||
|
||||
It's even scarier that the gamma squeeze, if it happens, would start to go parabolic exactly on June 9th.
|
||||
|
||||
Ryan Cohen - did you know? DID YOU?
|
149
DD/2021-06-03-Who-Has-Been-Trading-GME-Every-Week.md
Normal file
149
DD/2021-06-03-Who-Has-Been-Trading-GME-Every-Week.md
Normal file
@ -0,0 +1,149 @@
|
||||
The FINRA Veil: Who's Been Trading GME Every Week (four months of data examined)
|
||||
================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/djk934](https://www.reddit.com/user/djk934/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nrr5e0/the_finra_veil_whos_been_trading_gme_every_week/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
So [u/xpurplexamyx](https://www.reddit.com/u/xpurplexamyx/) pulled some FINRA data on June 2nd (<https://www.reddit.com/r/Superstonk/comments/nr2gbi/hank_needs_you_part_ii_hank_the_data_shepherd/h0embxg/>) and I went digging into this for the data that was there for GME. It goes from the week of January 4th to April 26th. So unfortunately, it's a bit outdated, but that's what we have to work with. This is the OTC data.
|
||||
|
||||
TLDR We get to look at all the different groups potentially wrapped up in this mess. Spoiler alert, it is probably more major groups than you think.
|
||||
|
||||
I also have the Excel sheet of the FINRA data, and I think I got it working below to share it safely. Looking into some solutions for that - you can also copy the information from [u/xpurplexamyx](https://www.reddit.com/u/xpurplexamyx/)'s post into Notepad and import it into Excel fairly easily. [Google Sheets Link Here](https://docs.google.com/spreadsheets/d/e/2PACX-1vTDsp8OjIwT_1eEMH72AgXFGMZJBgCtS0cD80UJPDAcWafeWx_6Jbfx_jkduRiV1Kap24PSfrp2zVUu/pub?output=xlsx) (first time doing this but I believe it should safely share - it's an Excel file download)
|
||||
|
||||
TLDR DONE
|
||||
|
||||
I examined the data to review who traded the most GME each week and there were five consistent companies that consistently appeared in the top 5 for Total Weekly Share Quantity. Depending on the week they are in different orders.
|
||||
|
||||
- Citadel Securities LLC
|
||||
|
||||
- Virtu Americas LLC
|
||||
|
||||
- G1 Execution Services LLC
|
||||
|
||||
But that's only 3, you said there were 5. I did. Check out these images.
|
||||
|
||||
<https://imgur.com/SBUQPbe>
|
||||
|
||||
<https://imgur.com/6JufxgW>
|
||||
|
||||
<https://imgur.com/GnQP60P>
|
||||
|
||||
The other 2 groups DO NOT INCLUDE A NAME. Their Market Participant Name is BLANK. It is impossible to know 100% if this is only two separate groups but I would argue that since they consistently show up throughout the FINRA data we are looking at 2 mystery companies that are trading an absolute ton of GME every week OTC. One of these blank spots is ALWAYS the top spot, while the other seems to fluctuate between position 3 and 4.
|
||||
|
||||
These five positions (two blanks, Citadel Securities, Virtu Americas and G1 Execution Services) account for around a total of 82% of the trades carried out OTC. (thanks for [u/Gandos123](https://www.reddit.com/u/Gandos123/) for pointing this out!) Including these groups, there are around 33 regular participants. Which means the other 28 entities only carried out 18% of the OTC trades.
|
||||
|
||||
Edit - the blanks may be classifying other info - if you examine other tickers they add up to 50% of trades. But the numbers aren't that important for this post.
|
||||
|
||||
So who the fuck could these two blank groups be. I suspect this is also intentionally left blank, but why would it be left blank? Could be deliberate foul play? Could be a legitimate error? Could be a FINRA regulation?
|
||||
|
||||
So I went looking on FINRA's website to see if there was a rule about this. Turns out there is. If a firm lacks a market participant ID (MPID for short), then the field is intentionally left blank. (for more on these check out <https://www.finra.org/filing-reporting/market-transparency-reporting/trade-reporting-faq> under Section 104 and <https://www.finra.org/filing-reporting/regm-user-guide>) The firm could also break the rules and not report their MPID if they wanted for a small fine (ugh). The full MPID list can be found <https://otce.finra.org/otce/mp-list>.
|
||||
|
||||
The full list of participants trading GME *ON A WEEKLY BASIS* in the FINRA report from January 4 to April 30 is listed here. There were a few other small fry that showed up, but not for many shares or more than a week or two.
|
||||
|
||||
- BIDS BIDS ATS -- likely belongs to BIDS Trading L.P. (they have multiple MPID's but BIDS is one of them)
|
||||
|
||||
- Citadel Securities LLC (multiple MPID's but IEQY is one of them)
|
||||
|
||||
- CODA CODA -- likely belongs to Coda Markets Inc. (they have multiple MPID's but CODA is one of them)
|
||||
|
||||
- Comhar Capital Markets, LLC (their MPID is YKNA)
|
||||
|
||||
- CROS CROSSFINDER -- likely Credit Suisse Securities (their MPID is CROS)
|
||||
|
||||
- DBAX SuperX ATS -- likely Deutsche Bank Securities (they have multiple MPID's but DBAX is one of them)
|
||||
|
||||
- De Minimis Firms (THERE IS NO MPID HERE, small firms that do less that 200 trades per day get grouped up together as De Minimis Firms <https://www.sec.gov/rules/sro/finra/2019/34-86315.pdf> )
|
||||
|
||||
- EBXL LEVEL ATS -- likely EBX LLC (their MPID is EBXL)
|
||||
|
||||
- G1 Execution Services, LLC (multiple MPID's but ETMM is one of them)
|
||||
|
||||
- IATS IBKR ATS -- likely Interactive Brokers LLC (their MPID is IATS)
|
||||
|
||||
- ICBX CBX-- likely Instinet, LLC (they have multiple MPID's but ICBX is one of them)
|
||||
|
||||
- INCR Intelligent Cross LLC -- Intelligent Cross LLC
|
||||
|
||||
- ITGP Posit -- likely ITG INC. (they have multiple MPID's but ITGP is one of them)
|
||||
|
||||
- Jane Street Capital LLC (multiple MPID's, JSJX is one)
|
||||
|
||||
- JPBX JPB-X -- likely J.P. Morgan Securities (they have multiple MPID's but JPBX is one of them)
|
||||
|
||||
- JPMX JPM-X - likely J.P. Morgan Securities (they have multiple MPID's but JPMX is one of them)
|
||||
|
||||
- KCGM Virtu Matchit ATS -- likely Virtu Americas LLC (they have multiple MPID's but KCGM is one of them)
|
||||
|
||||
- LATS The Barclays ATS -- Barclays Capital Inc. (they have multiple MPID's but LATS is one of them)
|
||||
|
||||
- MLIX Instinct X -- likely Merrill Lynch, Pierce, Fenner, and Smith Incorporated (they have multiple MPID's but MLIX is one of them)
|
||||
|
||||
- MSPL MS Pool (ATS-4) -- likely Morgan Stanley and Co. LLC (they have multiple MPID's but MSPL is one of them)
|
||||
|
||||
- MSRP MS RPool (ATS-6) -- likely Morgan Stanley and Co. LLC (they have multiple MPID's but MSRP is one of them)
|
||||
|
||||
- MSTX MS Trajectory Cross (ATS-1) -- likely Morgan Stanley and Co. LLC (they have multiple MPID's but MSTX is one of them)
|
||||
|
||||
- National Financial Services LLC (their MPID is XSTM)
|
||||
|
||||
- Robinhood Securities, LLC -- likely Robinhood Financial, LLC (multiple MPID's but HOOD is one of them)
|
||||
|
||||
- XSTN CrossStream -- likely National Financial Services LLC (their MPID is XSTM)
|
||||
|
||||
- SGMT SIGMA X2 -- likely Goldman Sachs and Co. LLC (they have multiple MPID's but SGMT is one of them)
|
||||
|
||||
- Stockpile Investments Inc. (their MPID is STKP)
|
||||
|
||||
- Two Sigma Securities, LLC (multiple MPID's but OHOS is one of them) *** UBS Securities LLC** (multiple MPID's but UBSS is one of them)
|
||||
|
||||
- UBSA UBS ATS -- likely UBS Securities LLC (they have multiple MPID's but UBSA is one of them)
|
||||
|
||||
- USTK Ustocktrade Securities (multiple MPID's but USTK is one of them)
|
||||
|
||||
- Virtu Americas LLC (multiple MPID's but VALR is one of them)
|
||||
|
||||
- Wolverine Securities, LLC (their MPID is WSEA)
|
||||
|
||||
So there's the list of companies that have sent info to FINRA about their OTC trading. But we still have our missing companies right. Did you catch it? One of the major hedge funds involved in this entire mess is not listed here.
|
||||
|
||||
Melvin Capital is not on the list. Given their central role in all of this, I would suggest they are potentially one of our BLANK parties. Given that Citadel had to publicly send them some funds, my guess is they are player numero uno EVERY SINGLE WEEK here. They are probably holding some HEAVY BAGS. Since they had an MPID, I suspect it's deliberate we do not see them here. (MLVN and MSMM are the MPID's for Melvin Securities LLC)
|
||||
|
||||
The other group I am unsure of. I've looked through Bloomberg posts from these dates and can't find a huge amount of institutional changes. There are a few groups I have in mind, but no real data to back this up.
|
||||
|
||||
EDIT ADDITION If you examine other tickers than GME, the blank spaces are accounting for around 50% of the trades. Do the blanks mean something else entirely? Maybe buy or sell side of trades with the listed firms? The data is pretty shitty in terms of numbers, but I don't think this changes the DD I am posting here. The numbers aren't really the focus of the DD anyways, but the list of potential involved parties. END ADDITION
|
||||
|
||||
I know apes have looked heavily at Citadel and Melvin and their activities surrounding all of this, but I think it is time we spent some more time on some of these other groups that have been juggling GME around in OTC pools for a four month period as the largest stock fraud that's ever occurred played out.
|
||||
|
||||
Though more recent data is not available, it's likely many of these groups are still stuck juggling weekly, perhaps more digging into them might yield some additional info.
|
||||
|
||||
How well can we trust the exact numbers here? I'm not sure, *especially with the House of Cards revelations that some of these groups hold FINRA's investments*, but I think we can trust that the groups trading are correct as they don't like to waste money in fines if they don't need too.
|
||||
|
||||
EDIT: So I forgot that Melvin applied for confidential treatment of some positions, then got denied for Q1. Then they reapplied for Q2 to hide their positions again (which went through), but will likely be denied again in a bit. I suspect it's even more likely that they are the top blank.
|
||||
|
||||
A lot of people have commented Point72 as the third group - great idea - I skimmed the MPID list and didn't see them on there, so that may be correct as groups without an MPID can be listed as blank.
|
||||
|
||||
Also, I've seen a lot of comments that Susquehanna isn't here - G1 Execution Services is a subsidiary of Susquehanna. Credit to [u/Emergency-Monk-7002](https://www.reddit.com/u/Emergency-Monk-7002/) for the link.
|
||||
|
||||
Final point of this edit, I didn't put this in the post originally but have received a few messages about Bank of America - they are a subsidiary of Merrill Lynch I believe (BOFA is one of Merrill's MPID's) and Merrill Lynch is on the list.
|
||||
|
||||
EDIT 2: An Excel File Link is now available. I believe it should share safely/anonymously now. [Link](https://docs.google.com/spreadsheets/d/e/2PACX-1vTDsp8OjIwT_1eEMH72AgXFGMZJBgCtS0cD80UJPDAcWafeWx_6Jbfx_jkduRiV1Kap24PSfrp2zVUu/pub?output=xlsx). If you click this it will download the Excel file.
|
||||
|
||||
EDIT 3: Someone asked who FINRA was and I put it in a comment. But at this point they might as well be the Financial Institution Not Regulating Anything.
|
||||
|
||||
EDIT 4: Added a small note about how concentrated these OTC trades are in the top 5 entities.
|
||||
|
||||
EDIT 5: To any mods who see this while I'm asleep, there might be a discrepancy in the numbers on this which I'm not sure what to make of after discovering it. Since after chugging through way more numbers ON OTHER TICKERS THAN GME in the Finra data, the blanks are accounting for exactly 50% of the data on each ticker. It is possible that the blanks could be accounting for the buy or sell side and the other listed groups are the opposite side of those trades, however this is poorly labelled and tough to decide which it is since it's the Market Participant Name that's blank and there is no label for whether it's a buy or sell. Whether the blank groups at the top is an entity or some odd tally/subtotal of trades, it isn't exactly clear from what's here.
|
||||
|
||||
Regardless, I don't think it changes the point of the DD post here as I did indicate I wasn't super confident in FINRA's numbers originally since reading House of Cards. FINRA does have rules that names can be redacted/not included, firms could omit them, etc.
|
||||
|
||||
Most importantly, the main point of this post is that the groups listed here have been participating in OTC trades for over 4 months from January to the end of April and the data shows it. It's fairly likely they are tangled up in this mess one way or another. We should continue to expand who we are looking into.
|
||||
|
||||
Cheers all!
|
||||
|
||||
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
|
127
DD/2021-06-04-A-Look-Back-at-What-Michael-Burry-Knew.md
Normal file
127
DD/2021-06-04-A-Look-Back-at-What-Michael-Burry-Knew.md
Normal file
@ -0,0 +1,127 @@
|
||||
A Look Back at What Michael Burry Knew
|
||||
======================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Pop-Tart_Rabies_Monk](https://www.reddit.com/user/Pop-Tart_Rabies_Monk/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nsmbnk/a_look_back_at_what_michael_burry_knew/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
APES. It has been a very good week. Don't let anyone try to tell you otherwise. Barely a week ago we were fighting for $180, now we have rock solid support at $245-250. It is all spelled out in black and white (green and red?) on the month-long chart: we are winning this battle.
|
||||
|
||||
I don't know about you but it has been quite a journey to get to this far. Lots of twists and turns and emotions. Even though we are not finished by a long shot, I thought this weekend might be a good time to step back and take stock of where we have been, to get a clearer view of where we are going. So, tonight I am going to peel back the layers to a tweet by Michael Burry from back in the beginning of the GME craziness. The seeds of the ending are right there in the beginning, if you look in the right place. So grab your Friday evening beverage of choice, and lets do some looking together, shall we?
|
||||
|
||||
Michael Burry
|
||||
|
||||
I like to think of Michael Burry as the original GME ape. Now, I say that of course with all due respect to our boy DFV, whom I have grown surprisingly fond of for a dude I haven't met, and whom I would love to buy a beer when this is all said and done (DFV, in the incredibly unlikely event you are reading these musings of a smooth brain, hiya bud 👋 cheers 🍻 to seeing you back on twitter this week, you cool cat). DFV actually testified in his testimony to Congress back in February that it was (in part) Michael Burry's public interest in GameStop that triggered him to take a deeper look. And if you take a look at Burry's letter to the GME board in August 2019, he makes many of the same points that DFV and even Ryan Cohen have brought up at different points (for example: new console cycle leading to stronger earnings in late 2020-early 2021; massively over-shorted stock that the Board of Directors can and should do something about; and that GameStop at the time was squandering a golden opportunity to develop a new business model based on e-commerce - Burry specifically mentions Twitch and GameSparks being bought by Amazon as missed opportunities - and that if they learned their lesson and made some key changes there was a chance for a big turnaround).
|
||||
|
||||
We all know what happened from there. DFV invested in GME starting in June 2019. He and the WSB retards had some fun with it during the pandemic. A lot of people made fun of him and then deleted their accounts like a month later out of shame. Lol. In late 2020, Ryan Cohen wrote his letter to the board and things got weird. GME had a lil' mini squeeze in January, during which Burry sold his GME position for serious profit (sidenote: Burry did NOT paperhands. As manager of a fund, he has a fiduciary responsibility to his investors. He can't sit around waiting for a short squeeze. If you seriously question the diamond hands on that silverback, watch The Big Short again. You must not have paid attention. My man HODL'd in the face of so much stress leading up to 2008 that he almost needed part of his intestine removed. Oh, and if you haven't seen The Big Short... 😑... we'll talk more about that in a moment).
|
||||
|
||||
Even though Burry closed his GME position in January, he didn't just stop talking about it. Not by a long shot.
|
||||
|
||||
"Building You Staircases and Knocking Castles Down"
|
||||
|
||||
Read this tweet. No, seriously, go ahead. I'll wait.
|
||||
|
||||
[](https://preview.redd.it/r9cnzt4sdc371.png?width=960&format=png&auto=webp&s=b2e08f32a36128bf71dc67a2a538ae9a6c0fb276)
|
||||
|
||||
🤑🤯
|
||||
|
||||
I think about this tweet almost every day. To fully appreciate the impact it had on me, the best I can do is to put you back to where we were and how we felt that day. It was tweeted at market close on Thursday, February 4th (the twitter timestamp says February 5th - this screencap is not my own, but I assume the person who took it was not in a U.S. time zone given the time and the commands being written in Swedish). The January mini squeeze happened the week before and we ended that Friday at $325. Pretty good considering we had just seen the worst market manipulation in multiple lifetimes. But then the following Monday, Feb. 1st, GME fell precipitously. It dropped $100 on Monday. Tuesday was worse, down about $150. Pretty dark times for GME. I myself had just YOLO'd my savings into GME the day after Robinhood shut down trading, and was a lurker on WSB at the time. But that first week of February there were times where I was tempted to wonder if I had unwittingly stumbled into an echo chamber of cultists. WSB was filled to the brim with trolls calling people bagholders. Even among the true apes in WSB at the time, the general sentiment was some version of "I'm with you to the end... but I would be lying if I said I'm not nervous."
|
||||
|
||||
And then Michael Burry tweeted this.
|
||||
|
||||
I first saw it on the evening of Friday Feb. 5th -- a snowy, cold, and dark winter evening where I live. Someone on WSB posted it, just as I was settling in to watch The Big Short for the first time. Apes, I wish I could put into words the level of mind-blown I experienced when I realized a few minutes into the movie that the dude Christian Bale was playing in that movie was the same dude that, earlier that very same day, tweeted about big money building us staircases via GME. I literally had to put the movie on pause for 10 minutes, reread the tweet, and then paced around my apartment with my mouth open, all the while turning these words over and over in my mind:
|
||||
|
||||
"building you staircases and knocking castles down... building you staircases and knocking castles down."
|
||||
|
||||
HO. LY. 💩
|
||||
|
||||
At the time of course, we knew there was big money involved in GME -- but not necessarily on the long side. We had thought (or, more accurately, the media had portrayed) that it was a few million retail traders vs. Wall Street. But Burry clearly knew otherwise and, in his usual obscure tweet style, danced around the subject *just* *close enough* to throw your mind into a tizzy.
|
||||
|
||||
So the stock Burry compares GME to is a biotech stock. I won't mention it by name, because it isn't important to me right now, except for how it impacts GME (although, granted, it is on my short-list for stocks to invest in with MOASS tendies, for one big reason I will get into below). Instead I will refer to it simply as [biotech].
|
||||
|
||||
Let's take a look at the price chart, 6-month view, with the cursor over the day in question.
|
||||
|
||||
[](https://preview.redd.it/1qckf0u8mc371.png?width=3077&format=png&auto=webp&s=e187d04240a23db89f56276ff81b9c9ebdbef7e4)
|
||||
|
||||
[Biotech] 6-month
|
||||
|
||||
[](https://preview.redd.it/dg7pjzdbmc371.png?width=3081&format=png&auto=webp&s=d646c2265393ad3dfbdd930cbfb4f39ecfd82d2b)
|
||||
|
||||
GME 6-month
|
||||
|
||||
Now, when you look at [biotech], you might see the big spike and think it looks just like GME or the movie theater stock. We all could probably recognize the GME 6-month chart instinctually at this point, without any numbers or labels. But look closer. The big spike you see on [biotech] occurs on February 2nd and 3rd. GME had already more or less finished its freefall from $483 to $40 when [biotech] was spiking. So why did [biotech] do almost +300% in two days?
|
||||
|
||||
[](https://preview.redd.it/7nub2o3mic371.png?width=3793&format=png&auto=webp&s=fc1b63c3e20f4b699cf43264e28d59eef92c76c9)
|
||||
|
||||
Interim Analysis Results
|
||||
|
||||
This is why. They announced on February 2nd they have a drug that is a gamechanger in Alzheimer's treatment. As someone who lost a grandmother to Alzheimer's and remembers how disturbing it was, I consider this borderline miraculous. The interim results of this drug show 98% efficacy and improvements in behavior, cognition, and memory. Yup, that would certainly account for the price tripling in 48 hours.
|
||||
|
||||
But it doesn't explain why it would then get cut in half over the next 48 hours. As we have seen with GME, price action on good news can last for months. Look up the price action on any of the companies that have produced COVID vaccines for even better examples. So why did [biotech] have a meme-like spike?
|
||||
|
||||
#BigMoney
|
||||
|
||||
Let's look at something else. One of the first things I tend to look into on a new stock is who has skin in the game. So here we go. [Biotech] institutional ownership.
|
||||
|
||||
[](https://preview.redd.it/ncqoqesvlc371.png?width=1848&format=png&auto=webp&s=b4ee1f928c026481095c5cb17a9c69b8d3237c30)
|
||||
|
||||
[Biotech] Institutional Ownership
|
||||
|
||||
Did you see it?
|
||||
|
||||
[](https://preview.redd.it/j9nha0l3mc371.jpg?width=1848&format=pjpg&auto=webp&s=8de0087e483dd8d597da5c4889175cd3512e3c13)
|
||||
|
||||
🤔
|
||||
|
||||
Hmmmm...
|
||||
|
||||
So BlackRock, our mythical GME long whale, is also the largest institutional holder of [biotech]. Interesting. But that's not all. Susquehanna International is also in the top 10 of SAVA , a noted GME shortie (some would even put them in the top 3 with Citadel and Melvin). Pretty sus if u ask me. Insert [FuturamaSquintyEyes.gif.]
|
||||
|
||||
And yep, sure enough, there's our boy Kenny (sidenote: I will never insult the real "Let's have some Sax" Kenny G by calling Ken Griffin that. Nope. Won't do it! As he said himself, "there's only one Kenny G, and it ain't you!!")
|
||||
|
||||
BlackRock owns 2,404,922 million shares, or about 6% of the company. I am comfortable saying that is a long position. By my count there are only three other institutional holders that have more than half a million shares.
|
||||
|
||||
Susquehanna owns 367,827 shares. They also own calls and puts. I don't have the paid version of Fintel so I can't see exactly the ratio of calls to puts. They might be long, they might be short.
|
||||
|
||||
But Kenny boy on the other hand... according to everything I have found, Citadel is only net long on like 6 stocks, and they are all big tech and "blue-chip" stocks (Microsoft, Amazon, Netflix, Facebook, VISA, possibly NVIDIA and AMD,). So if Citadel has a position in [biotech], you better believe it is as a hedge against a net short position.
|
||||
|
||||
Let's go back to February 4th. On that day, both GME and [biotech] actually started to find support after their respective freefalls - GME in the $40-$50 range, as we all remember. My (not necessarily chronological) step-by-step explanation for what led up to the events of this day are as follows:
|
||||
|
||||
1. Citadel (and possibly Susquehanna) shorted both GME and [biotech].
|
||||
|
||||
2. BlackRock went long on both GME and [biotech].
|
||||
|
||||
3. GME spiked as retail trading, media coverage, and FTDs spilling out converged perfectly to slaughter 🌈🐻
|
||||
|
||||
4. A couple of days later, [biotech] spiked on the news of the interim results of their Alzheimer's treatment.
|
||||
|
||||
5. Citadel didn't like that. So they shorted [biotech] back down to size as much as possible (smh).
|
||||
|
||||
6. On February 4th, BlackRock stepped in and said "enough is enough," and provided support for both GME and [biotech]. They ultimately stabilized.
|
||||
|
||||
So you see, the day Michael Burry tweeted this, February 4th, was really a perfect storm - a glitch in the simulation - that tipped Michael Burry off to something going on under the hood. Two financial behemoths - BlackRock on one side, Citadel on the other - dueling over stocks in *completely different sectors,* after they had spiked within days of each other, for *completely different reasons*. BlackRock, our GME long whale, apparently won that day, as they managed to stabilize the prices of both stocks well above their initial price before their spike. And, if you look at the months since then on the 6-month chart, I think it is clear who is winning still.
|
||||
|
||||
My main takeaways from this exercise:
|
||||
|
||||
1. I cannot possibly fathom how someone as smart as our boy Kenny would think that a short position on almost every stock in existence is a viable financial strategy. Well, actually, that's not entirely true. I have an idea why he might, but it is a reason that is equal parts sad and degenerate. Maybe the subject for a future DD.
|
||||
|
||||
2. Every time I or any one of you beautiful apes pulls on a loose string in the GME situation, somehow it always seems to lead back to BlackRock.
|
||||
|
||||
3. Put yourself in Burry's shoes for a moment. If you were as smart as him, manager of a hedge fund, who had been investigated by the SEC and the FBI multiple times due to 2008, had just made serious money off of GameStop in the January runup, and you still knew GME was going to squeeze, what would you do? Would you say or do anything about it? Because I wouldn't. In fact, I probably would close my position (at least my public position) as soon as possible to show I have no "skin in the game" for fear of being investigated again for market manipulation. And then I would probably find a sneaky and indirect way on social media to tip people off that it is still going to squeeze. Like tweeting about staircases being built and castles being knocked down. HODL.
|
||||
|
||||
4. When I first started this I was seriously hoping to learn some stuff from Burry. Now that I have finished, I am just left with a headache and wondering how anyone could ever have that many wrinkles. Wut.
|
||||
|
||||
TADR: Michael Burry smart ape. Silverback. Looooooots and lots of wrinkles. He said GME go brrrrrr 🚀🚀🚀 even when it looked darkest.
|
||||
|
||||
HODL my beautiful fellow apes.
|
||||
|
||||
If you made it to the end, good job monke. Here, have a banana 🍌
|
||||
|
||||
Not financial advice. I literally can't tell my own rear end from a coconut FYI.
|
||||
|
||||
P.S. There are plenty more tweets and things that Burry has said and done that could be looked at under the microscope. I am doing this mostly as an exercise for myself to try and learn at the feet of a master. If this kind of thing interests enough apes I could do more of them going forward.
|
157
DD/2021-06-04-Complete-Bank-of-America-Gamestop-DD.md
Normal file
157
DD/2021-06-04-Complete-Bank-of-America-Gamestop-DD.md
Normal file
@ -0,0 +1,157 @@
|
||||
The Complete Bank of America Gamestop DD
|
||||
========================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/gfountyyc](https://www.reddit.com/user/gfountyyc/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
TL/DR It's possible that Bank of America is holding the biggest bag in the Gamestop saga
|
||||
|
||||
Note: This is just a theory, and I am not advocating anyone to do anything with their BofA accounts. Just some information I found and felt an obligation to share. I am not a financial advisor.
|
||||
|
||||
> If you owe the bank $100 that's your problem. If you owe the bank $100 ~~million~~ billion, that's the bank's problem. -*J.Paul Getty*
|
||||
|
||||
Good afternoon Apes of the world. For the past couple of weeks, I've been digging into reports, and news articles looking for evidence to connect Bank of America to the naked shorting situation and to postulate who may be holding the bag at the end of this saga.
|
||||
|
||||
Now I'm still new to building DD's and if I am incorrect please forgive me and I will try my best to fix this article. If anyone has additional information to refute or support my claims they are welcome as it's the best way to find the truth. I would also like to thank [u/Alert_Piano341](https://www.reddit.com/u/Alert_Piano341/) for their considerable help and hours of research. I won't even touch that their building is always lit up on weekends/holidays (Veterans day...really guys) and that they were one of the trading platforms that restricted trading in January.
|
||||
|
||||
Hypothesis: Bank of America is the biggest bagholder in the Gamestop saga.
|
||||
|
||||
Supporting Evidence:
|
||||
|
||||
The 15 Billion Dollar bank bond.
|
||||
|
||||
On April 16th Bank of America issued a $15 Billion dollar bond. Now given they had an extremely strong quarter, why would BofA need the additional collateral?
|
||||
|
||||
<https://www.marketwatch.com/story/bank-of-america-tops-charts-with-15-billion-bond-deal-the-biggest-ever-from-a-bank-11618606409>
|
||||
|
||||
BAC needed that 15B bond for insurance
|
||||
|
||||
<https://www.foxbusiness.com/business-leaders/bank-of-america-expects-to-increase-dividend-share-buybacks-ceo-moynihan>
|
||||
|
||||
watch this video at the 1:30 mark..... "assuming we get through the stress test...." he catches himself and is like I HAVE TO BE SUPER CONFIDANT HERE.
|
||||
|
||||
I can't find one other article or media post about the liquidity test anywhere, and here is the CEO mentioning it in an Interview....it was on his mind.
|
||||
|
||||
The Citadel Link
|
||||
|
||||
So the MM has a special exemption that allows them to Naked short the securities for the sake of market liquidity and they classify them as "Securities sold but not yet purchased" labilities. Market Makers have been fined for naked shorting before but nothing has been done to really curb it and the fact that we have two companies with expanding balance sheets show it's being abused right now.
|
||||
|
||||
Citadel specializes in Option naked shorting, and because of GME they have an ever-expanding bag of SHit. There "securities Sold but not yet purchased" went up to 57.506 B this year with 32.386B of it in Options. To recap Abbot told us the liabilities are valued at fair value, and that this will be an issue for citadel in the future. I think it is going to be an issue for someone else as well.
|
||||
|
||||
[](https://preview.redd.it/81qoys0o3c371.png?width=1849&format=png&auto=webp&s=59f520ffac6c99438bdc71bea8828f316bbe5dae)
|
||||
|
||||
Citadels Liabilities
|
||||
|
||||
Notes from the financial statement for Sussqhana and Citadel
|
||||
|
||||
[](https://preview.redd.it/tlwr054q3c371.png?width=1795&format=png&auto=webp&s=00e5f2da6bc822929f8ba9256bced17c3f073183)
|
||||
|
||||
Susqhannas note makes it perfectly clear that the assist and liability are just on paper, the clearing broker can just sell their shit when needed
|
||||
|
||||
Let's check what Citadel says about its Prime Broker ---->
|
||||
|
||||
[](https://preview.redd.it/jo04yu7s3c371.png?width=924&format=png&auto=webp&s=c73e6bf6450d7cf5da415329d838cffc5fb8d463)
|
||||
|
||||
Who is holding Citadel's bag of shit?
|
||||
|
||||
[](https://preview.redd.it/cs6ttvrt3c371.png?width=444&format=png&auto=webp&s=ba2786ba9188af17b17ecb9ca7a48db6f9d7aacb)
|
||||
|
||||
T his is also found in Citadels 2020 Annual Finacial report "A substantial portion of Citadels' options clearing and Financing activities are with BAML"
|
||||
|
||||
BAML (which stands for BANK OF AMERICA MERRIL LYNCH) or now BAC is the prime and clearing broker for 96.69% of all the net derivative assets of Citadel Securities? They are holding the 57.6 Billion Bag on Citadel Poo... 32,386 Billion of it in options, with a ton of those, are going to explode in their face or be worthless.
|
||||
|
||||
Something to consider...
|
||||
|
||||
Virtue Capital annual report
|
||||
|
||||
<https://sec.report/Document/0001592386-21-000005/>
|
||||
|
||||
They could note that their payment for order FLOW more than doubled in 2020 with the rise of RH .....
|
||||
|
||||
what do you think about Citadel's Payment for order flow (Virtue is a publicly traded company so we have their expense data you will not find it for citadel) but Virtue and citadel are competitors. this article says Virtue does 9.4% while citadel does 13.4% of the market in December of 2020. so if Virtue is paying 758M for order flow in 2020 Citadel is paying at least a 1B.
|
||||
|
||||
<https://outline.com/SxAFCy>
|
||||
|
||||
[](https://preview.redd.it/zxiwz08z3c371.png?width=2061&format=png&auto=webp&s=893e2be704b6a4ccf04812be93199ea49c72f9a8)
|
||||
|
||||
Virtue Capital payment for order flow
|
||||
|
||||
then they could look at Citadel's debt (most MM don't take on debt ....because they print money, they are not supposed to have the liabilities citadels has and they may have a simple line of credit but Citadel got a direct cash infusion last year. They sell options they don't own yet (with the expectation they won't have to purchase most of them)......shit
|
||||
|
||||
The Loan
|
||||
|
||||
[](https://preview.redd.it/dewwxy034c371.png?width=944&format=png&auto=webp&s=d6775a98870a2faae62e4f22b0200f5ef367127b)
|
||||
|
||||
They issued a 1.653 billion loan to Citadel, when they also recently raised the 15 Billion for their bond. SMH
|
||||
|
||||
The New Hire?
|
||||
|
||||
A key piece of information that I came across that I thought might support our thesis was the recent hiring of Executive David Kim. David Kim was the head of equity client solutions at Bank of America and was recently hired by Citadel Securities (link below). Now, this is speculative, lets say there's a new hire named Mavid Jim, would it be possible that Jim has signed off on some terrible credit/increased risk, and jumped ship on some hidden backdoor deal?
|
||||
|
||||
<https://www.efinancialcareers-canada.com/news/2021/04/david-kim-bank-of-america-citadel>
|
||||
|
||||
Look for the usual suspect
|
||||
|
||||
I speculate that Bank of America also contributed heavily to the naked short selling of the so-called meme stocks (most likely Gamestop GME and Bed Bath and Beyond BBBY, as they are the stocks their analysts mentioned). In an article as recent as 2018 its been documented that BofA has paid the most fines out of all the major players since the 2008 financial crisis. It would appear that the rules simply don't matter to them.
|
||||
|
||||
<https://www.marketwatch.com/story/banks-have-been-fined-a-staggering-243-billion-since-the-financial-crisis-2018-02-20>
|
||||
|
||||
[](https://preview.redd.it/eedc9nl84c371.png?width=730&format=png&auto=webp&s=9fed4fc37fe0cb5698b3f139fc883b03d1a0ba21)
|
||||
|
||||
The 13F Filings
|
||||
|
||||
In recent 13F filings on whalewisdom you can see that Bank of America does hold decent-sized Put positions on GME and AMC. As holding these put positions are a legal loophole way of holding a short position and resetting an FTD, I believe it's possible that they also took short positions against these meme stocks. As both organizations would benefit from colluding an aggressively short position, they could drive the price down and both mutually profit.
|
||||
|
||||
<https://whalewisdom.com/filer/bank-of-america-corp-de#tabform4_tab_link>
|
||||
|
||||
The recent Bank of America Q10 Quarterly report
|
||||
|
||||
I decided to do some digging and when I was looking through the cashflows on their most recent quarterly report a figure under trading and assets/liabilities I found this gem.
|
||||
|
||||
The net change in cash from derivative assets/liabilities from 2020 to 2021 was a womping deficit of $53.756 Billion or a difference of $83 Billion from the prior year. That's just what is reported. I tend to believe that it's probably worse than that.
|
||||
|
||||
[](https://preview.redd.it/jcvzlpcm4c371.png?width=1151&format=png&auto=webp&s=09ab13adba7b697d552f7f95ff86da2b7495ecd7)
|
||||
|
||||
Page 47 on their recent Q-10
|
||||
|
||||
<https://investor.bankofamerica.com/regulatory-and-other-filings/all-sec-filings/content/0000070858-21-000063/0000070858-21-000063.pdf>
|
||||
|
||||
The Bullshit Push for Silver
|
||||
|
||||
Who else thought it was total bullshit when the media spewed out that Reddit was into Silver, and that it was the new Gamestop? Who on earth would benefit from crowds of people moving to purchase silver? Honestly if/when Gamestop moons everything is Gold Plated. Silver is shit.
|
||||
|
||||
<https://www.cbc.ca/news/business/silver-stocks-surge-1.5895790>
|
||||
|
||||
<https://www.northernminer.com/fast-news/bank-of-america-sees-further-upside-potential-for-silver-in-2021/1003825311/>
|
||||
|
||||
The Roaring Kitty
|
||||
|
||||
It seems that our beloved Roaring Kitty knows something is up with Bank of America as well. In his recent Twitter post, he shows a scene from Baby Driver (A great film, check it out). It would appear there has been a Gamestop logo inserted just above a Bank of America ATM. Interesting stuff.
|
||||
|
||||
[](https://preview.redd.it/f50ifldw4c371.png?width=900&format=png&auto=webp&s=53bf109cb1cffed95cffd3907d1a1a25e8c94da5)
|
||||
|
||||
Bank of America ATM and the GME logo
|
||||
|
||||
The closed locations:
|
||||
|
||||
Currently, hundreds of Bank of America locations across the United States are currently closed. It was definitely sus. To my understanding, some of these locations were being boarded up due to the trial of George Floyd (RIP). This was very strange as some of these banks were being boarded up after the verdict of the trial, and it appeared no riots would happen. I understand that with the shift to mobile/online banking there is less need for physical locations, but does that facilitate about 1/5th of all locations been temporarily closed (I did a sample of several states and came across 1/5th. I wasn't about to spend a day checking all 4600 locations but I welcome someone else with more time on their hands to take a look).
|
||||
|
||||
Bank of America Analyst Shitting On GME
|
||||
|
||||
"GameStop missed EBITDA estimates, which was a big negative for Bank of America analyst Curtis Nagle. The analyst, which rates the stock at Underperform with a price target of $10, said the company missed EBITDA estimates by 66%"
|
||||
|
||||
"This is not a good quarter," Chukumba said. "I will be listening to how they're going to pull a rabbit out of the hat and turn this into a viable company."
|
||||
|
||||
Chukumba said [GameStop](https://www.youtube.com/watch?v=zSoA7T-XCKg&t=39s) needed "some magic beans and pixie dust" to help the company going forward. He dropped coverage of the stock in January.
|
||||
|
||||
<https://www.benzinga.com/analyst-ratings/analyst-color/21/03/20322372/gamestop-analysts-react-to-q4-earnings-company-needs-some-magic-beans-and-pixie-dus>
|
||||
|
||||
Conclusion: Based on all the evidence provided above, I asked the question, who else could be the biggest big holder at the end of all this? If Archegos is a much smaller hedge fund and contributed to 10+ Billion dollars in losses to Credit Suesse, then I speculate that the losses from the margin calling of Citadel and Susquehanna could be magnitudes larger. If you also consider the short selling of securities from BofA itself, it is entirely possible for 100+ Billion dollars in losses. Let me know what you think. Again big shout out to [u/alert_piano341](https://www.reddit.com/u/alert_piano341/) for their help/contributions.
|
||||
|
||||
Note: If someone could get me some Bloomberg shots for a few of the major banks that would be great! Ideally BofA, JPM, GS please and thanks.
|
@ -0,0 +1,276 @@
|
||||
Yes, those patterns y'all keep posting are real! The similarity in meme stock price movement is statistically significant and differs significantly from a control group of boomer stocks (answer to u/HomeDepotHank69).
|
||||
========================================================================================================================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/squirrel_of_fortune](https://www.reddit.com/user/squirrel_of_fortune/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ns8dhk/yes_those_patterns_yall_keep_posting_are_real_the/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
So, this post is in response to [u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/) 's request for DD into correlation between stock price movements.
|
||||
|
||||
TL/DR:
|
||||
|
||||
1. Two different scientific methods showing that there is similarity and correlation between certain meme stocks and that this increased since Jan.
|
||||
|
||||
2. A machine learning method asked to put stonk data into clusters based on their patterns over the last half year put the meme stonks GME, AMC, KOSS, and others together regardless of which bit of price data you choose to look at. Look at the pictures!
|
||||
|
||||
3. Before Jan 2020, meme stocks (as a group) were not particularly correlated with each other, after Jan they were very well correlated with each other. (In fact before Jan AMC and GME were negatively correlated, after Jan they were very closely correlated).
|
||||
|
||||
4. On average, a control basket of boomer stocks have not changed in their correlation to each other. The basket of meme stonks have changed (after Jan 2021) to become highly correlated with each other (to a high statistical significance).
|
||||
|
||||
Pearson R2 (r-squared) is a quick n dirty way to do the comparison between stonks, so I also wanted to put the data into an ML algorithm that would look for clusters in it, and see if that algorithm, knowing nothing about the situation other than the stock price and volume info, would group the stocks the same way we might by eye.
|
||||
|
||||
Question 1: Would a machine learning algorithm cluster the stocks into meme and boomer? As in, what general patterns exist in these stock movements?
|
||||
|
||||
Question 2: Are meme stocks significantly correlated with each other? Are they correlated more than a control set of boomer stocks?
|
||||
|
||||
Bag of meme stocks as suggested by [u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/): GME, AMC, KOSS, NAKD, NOKK, BBBY, VIX
|
||||
|
||||
Control bag of boomer stocks: AMZN, CVS, GSK, RDS-B, WEN, GM, IBM. These were selected semi-randomly to try and come from different areas of the economy. And I added Wendy's just cos. And I think I picked general motors randomly, but maybe I was primed by GME's ticker.
|
||||
|
||||
See picture below: normalising the daily high price to the highest price over the year to date, boomer stocks are dotted lines, meme stocks solid lines, they look different to me.
|
||||
|
||||
[](https://preview.redd.it/glxb4bjuk9371.png?width=815&format=png&auto=webp&s=c3260c91c53b7919792481bd61364514a87c72fb)
|
||||
|
||||
This is the high price, after normalisation to the higher price seen in the last year to date. I don't wanna lead you apes, but I would say that the boomer stocks (dashed) look different to the meme stocks (non-dashed). But that is not scientific enough!
|
||||
|
||||
Next picture: after the normalisation described in the methods section below to remove the general background movement of the stock market. I did not expect KOSS to be that similar. Maybe Hank did. The numbers in this plot are large due to the normalisation, but we don't care about the exact numbers we care about the patterns here. This graph shows us that GME and its friends are doing something really fucking odd this year to date!
|
||||
|
||||
[](https://preview.redd.it/g85bn2a6l9371.png?width=832&format=png&auto=webp&s=84af213daa4b5c9857416b8691766e128f283a2b)
|
||||
|
||||
Normalised as described to remove the NASDAC background
|
||||
|
||||
Question 1. Are meme stocks similar to each other? Would they be clustered together?
|
||||
|
||||
We get very similar results for the 5 dimensions of the data (high price, low price, open price, close price , adjusted close price and volume). Low and high prices results showed the largest effect. The algorithm doesn't have a great time clustering over the entire time period, but we see something interesting when we split the data into June-Dec 2020 (before) and Jan-June 2021. I think low price is the most interesting so I will use this as an example. All the data from here on is the Low price of the day, although similar things were seen with the other prices.
|
||||
|
||||
How to 'read' these pictures, the grey lines are the stocks over the time period, the red line is what the algorithm thinks is the middle of this cluster of stocks (sort of like a corrected average). The data is normalised for the algorithm, so the y axis is a relative price, the days are days since the start of the time period (6 june 2020 (before) or 1st Jan 2021 (after)).
|
||||
|
||||
Before (in 2020):
|
||||
|
||||
[](https://preview.redd.it/hfgwsop9m9371.png?width=539&format=png&auto=webp&s=2bd45d3443dcd41e46fbd395ee4a4b2aee8dfeac)
|
||||
|
||||
Stonks behaving normally. Note AMC and GME are in different clusters. Cluster 1 is stocks that go down, cluster 2 is stocks that go up. This is for the June 2020 to Dec 2020
|
||||
|
||||
The best answer is 2 clusters:
|
||||
|
||||
Cluster 1: ['AMC', 'NAKD', 'NOKK', 'VIX', 'CVS', 'GSK', 'RDS', 'WEN', 'IBM']
|
||||
|
||||
Cluster 2: ['GME', 'KOSS', 'BBBY', 'AMZN', 'GM']
|
||||
|
||||
After (2021):
|
||||
|
||||
The two measures gave the best answer 2 clusters and four clusters.
|
||||
|
||||
The two cluster answer:
|
||||
|
||||
[](https://preview.redd.it/05djchs4n9371.png?width=539&format=png&auto=webp&s=fcc287bcdf9b010c49df232ecaa990412e486c58)
|
||||
|
||||
Meme stonks in cluster 1, boomer stocks in cluster 2, roughly. (y axis is mislabelled sorry, these are low prices). This is Jan 2021-June 2021
|
||||
|
||||
*2 clusters (best on one measure)*
|
||||
|
||||
Cluster 1: ['GME', 'AMC', 'KOSS', 'NAKD', 'BBBY', 'GM']
|
||||
|
||||
Cluster 2: ['NOKK', 'VIX', 'AMZN', 'CVS', 'GSK', 'RDS', WEN, IBM]
|
||||
|
||||
The 4 cluster answer
|
||||
|
||||
*4 clusters (best on another measure)*
|
||||
|
||||
[](https://preview.redd.it/o1jdl6vcn9371.png?width=802&format=png&auto=webp&s=720b780ca6a28d6db78c354b6f3eff8c9fc59ad3)
|
||||
|
||||
Cluster 1. Some meme stocks and GM, peak around Jan, cluster 4, GME and AMC, doing their squeeze thing? Cluster 2 and 3, normal stocks doing normal things. (Again mislabelled y axis, sorry, is defo low prices). Jan 2021- June 2021
|
||||
|
||||
Cluster 1: ['KOSS', 'NAKD', 'BBBY', 'GM']
|
||||
|
||||
Cluster 2: ['VIX', 'AMZN', 'GSK', 'RDS']
|
||||
|
||||
Cluster 3: ['NOKK', 'CVS', 'WEN', 'IBM']
|
||||
|
||||
Cluster 4: ['GME', 'AMC']
|
||||
|
||||
I got the same general pattern on the high price as well. AMC GME KOSS BBBY tend to be clustered together.
|
||||
|
||||
Look at cluster 4's graph, isn't it pretty? And after the normalisation and all that shit (removing market background), we see that GME and AMC are higher than they were in Jan. Maybe they got a way to run?
|
||||
|
||||
Conclusion 1:
|
||||
|
||||
There is something similar in the meme stock price movement that causes the algorithm to put them together and this is seen across the 5 data dimensions (high price, low price etc). Looking at the four cluster answer, we see there are two different meme stock behaviors, the Jan price increase then settle for KOSS NAKD BBBY and GM (GM is following GME possibly cos of fat fingers, see later), whilst our meme stonks AMC and GME are increasing from Jan til now...
|
||||
|
||||
Question 2.
|
||||
|
||||
Is there a statistically significant correlation between the price action of meme stocks?
|
||||
|
||||
Significance: how this works:
|
||||
|
||||
The Pearson R2 measure (R2, should be R2 but I don't know how to superscript) is a measure of how correlated the stocks are. An R2 of +1 means an exact positive correlation (e.g. $GME goes up when $MEH goes up), an R2 of -1 means an exact negative correlation ($GME goes down when $MEH goes up), and R2 of 0 means no correlation (i.e. the two stonks are unrelated). It's not the best method to do this comparison, but it's the one we got!
|
||||
|
||||
The p value is a measure of significance, if it is over 0.05 then the results are considered not statistically significant at all. The smaller the p value is, the more significant. (In more statistical language, a small p value relates to a small chance that the result seen is due to random fluctuations and not a relationship between the stonks). A p value under 0.0001 is highly significant. Where I've put p << 0.0001 I saw some TINY numbers, like a p values in the 1x10^{-20} region. You need to have significant results for your results to mean anything. (Any stats geeks in da house? Yes, we could discuss the difference between statistical significance and scientific significance, here, but we didn't. soz).
|
||||
|
||||
If we have a large R2 there is a correlation, if it is backed up by a small p number it is a significant correlation and therefore we believe it is not a spurious correlation (i.e. bullshit).
|
||||
|
||||
We use IBM as our archetypal boomer stock as no one ever got fired for buying IBM!
|
||||
|
||||
OK so looking at GME's price movement against other stonks before 2021:
|
||||
|
||||
Looking at the R2 on low and high prices BEFORE (June - Dec 2020):
|
||||
|
||||
MEME to MEME
|
||||
|
||||
GME to AMC : R2 = -0.73, p ~<<0.0001 (Negative CORRELATION! Very significant) (p value is 1X10^(-25)!)
|
||||
|
||||
GME to KOSS : R2 = 0.55 , p <<0.0001 (middling correlation, Very significant)
|
||||
|
||||
MEME to Boomer
|
||||
|
||||
GME to IBM : R2 = -0.7, p << 0.0001 (neg correlation, very significant)
|
||||
|
||||
BOOMER to BOOMER
|
||||
|
||||
IBM to GSK -- R2 = 0.94, p << 0.0001 (high correlation, highly significant
|
||||
|
||||
Fat fingered test
|
||||
|
||||
GME-GM -- R2 = 0.79. p << 0.0001 (high correlation, highly significant)
|
||||
|
||||
Looking at the R2 on low and high prices AFTER (Jan-Jun 2021):
|
||||
|
||||
MEME to MEME
|
||||
|
||||
GME to AMC : R2 = 0.83, p << 0.0001 (positive CORRELATION! Significant)
|
||||
|
||||
GME to KOSS : R2 = 0.77 , p << 0.0001 (positive CORRELATION, very significant)
|
||||
|
||||
MEME to Boomer
|
||||
|
||||
GME to IBM : R2 = 0.47, p << 0.0001 (positive CORRELATION, significant)
|
||||
|
||||
BOOMER to BOOMER
|
||||
|
||||
IBM to GSK : R2 = 0.62, p << 0.0001 (mid correlation, highly significant
|
||||
|
||||
Fat fingered test
|
||||
|
||||
GME to GM : R2 = 0.72. p << 0.0001 (high correlation, highly significant)
|
||||
|
||||
With a p value of p << 0.0001, GME is correlated with AMC (before and after, although switches direction), KOSS (before and after), NOKK (after), BBBY (before and after).
|
||||
|
||||
*Fat fingers*: Humorously, there is a correlation between GME and GM, obviously people are buying the wrong ticker, so I guess my 'random' choice of GM was actually not that random, as I made the same mistake! N.B. GME-GM's correlation is the outlier in the boomer stock basket, but I left it in anyway.
|
||||
|
||||
So what have we found?
|
||||
|
||||
After January the meme stocks (GME, AMC, KOSS, BBBY) became positively correlated if they weren't and the positive correlation increased. So these stocks started to move together and only GME and KOSS were moving together before. The IBM-GSK comparison shows two different boomer stocks from the control group, they come from different industries (GSK was affected more by covid than IBM) and we see a standard sort of movement, they're both positively correlated and generally following the wider economy.
|
||||
|
||||
And here's the data for all (average used is the median, error is standard error, 42 pairwise comparisons).
|
||||
|
||||
Average R2 of meme stock before : -0.42 (+/- 0.09)
|
||||
|
||||
Average R2 of meme stock after : 0.32 (+/- 0.05)
|
||||
|
||||
Average R2 of boomer stock before : 0.34 (+/- 0.08)
|
||||
|
||||
Average R2 of boomer stock after : 0.25 (+/- 0.05)
|
||||
|
||||
Difference in meme stocks: + 0.74, this is a huge change.
|
||||
|
||||
Difference in boomer stocks: -0.11, this is small, (but is it actually significantly different from no change?)
|
||||
|
||||
So from this and the graphs we can see before both boomer stocks were on average not particularly correlated with each other. On average, meme stocks were weakly anti-correlated. But after, meme stocks on average move to be more positively correlated.
|
||||
|
||||
Another hypothesis test! Yay! My favourite thing!
|
||||
|
||||
Are these populations significantly different? i.e. is the change of the r2 of these stonks before and after significant. (geek note, we use the mann whitney u test here, and I used the Hedges effect size test (thought you'd like that!)).
|
||||
|
||||
For the meme stocks:
|
||||
|
||||
Yes! The correlation after is GREATER with a p-value of 0.0079 (so statistically significant) and an effect size of 0.7 (a medium sized effect). So the average change in correlation between the meme stocks is a (statistically) significant increase.
|
||||
|
||||
For the boomer stocks:
|
||||
|
||||
No! The correlation after is LESS with a p-value of 0.54 (so NOT statistically significant) and an effect size of 0.1 (no real effect). So no real correlation either way, I,e, the relationship between the boomer stocks hasn't changed over the last year to date (cos the change I found is small above enough that it could be random noise). So the average change in correlation between the boomer stocks is (statistically) insignificant.
|
||||
|
||||
So what's the point?
|
||||
|
||||
The meme stocks have become significantly more correlated since January, and our control basket of boomer stocks have not. I will not speculate as to why this is the case. Again, Hank asked on here for this information, so I presume he has an idea. At the very least, it is nice to know that the similarity in the price action that everyone keeps posting is statistically significant. I only looked at daily data (where do you get the 5 minute data?) and I expect that the GME AMC correlations on this timescale would be fun to look at, and perhaps something of a smoking gun.
|
||||
|
||||
Final point, correlation does not imply causation. Although I've not made any comments as to why these correlations exist. All we've got here is two different scientific methods showing that there is similarity and correlation between certain meme stocks and that this increased since Jan.
|
||||
|
||||
The end unless you want to know the details:
|
||||
|
||||
Methods:
|
||||
|
||||
*Data pre-processing:*
|
||||
|
||||
We want to look at the patterns in the data and relative change rather than overall price movement, so we normalise the data to try and compare the datasets.
|
||||
|
||||
Data was taken a year to date from yesterday (6/3) and all stocks were normalised to the first day, so that the first day normalised prices was 100. The NASDEC ($IXIC) was also normalised the same way to the same day. To remove the background effect of the stock market's general movements, each dataseries was then divided by the normalised IXIC (day for day), and then renormalized back to 100 at the start of the data. The numbers get huge for GME due to it's huge price movement.
|
||||
|
||||
*Time horizon:*
|
||||
|
||||
The data for the whole year to date was compared but more interesting results were seen if we split the data into pre and post January 1st. Data was daily price data, including, high, low, open, close, adjusted close and volume).
|
||||
|
||||
*Correlation tests:*
|
||||
|
||||
After normalisation, datasets were tested for how correlated they were using the Pearson R2 measure and corresponding p-value using SKlearn.
|
||||
|
||||
*Clustering!*
|
||||
|
||||
We want to find similar patterns in the stock movements without assuming a. that we would see exact changes at the exact same time point and b, that the changes will be the same size. We cope with assumption a by using dynamic time warping distance metric (and b was the reason we did some of that normalisation). We use a machine learning clustering algorithm that can work with time-series data and compare the stonks using this dynamic time warping stuff. We test from 1 cluster up to 7 clusters using standard methods to determine which cluster is the best (inertia+elbow method and silhouette score), then we look at the clusters and see which stocks were put where.
|
||||
|
||||
(see <https://github.com/tslearn-team/tslearn> <https://towardsdatascience.com/how-to-apply-k-means-clustering-to-time-series-data-28d04a8f7da3>)
|
||||
|
||||
We do all this with each of the data dimensions (i.e. high, low, open, close, adjusted close and volume) and also with ALL OF THEM. And get pretty much the same results, btw, only LOW data is covered in this write up.
|
||||
|
||||
Appendix:
|
||||
|
||||
Comparing GME, AMC\
|
||||
Before: Pearson r: -0.73 and p-value: 1.1e-25\
|
||||
After: Pearson r: 0.83 and p-value: 7.6e-27
|
||||
|
||||
Comparing GME, KOSS\
|
||||
Before: Pearson r: 0.55 and p-value: 2.8e-13\
|
||||
After: Pearson r: 0.77 and p-value: 1.1e-21
|
||||
|
||||
Comparing GME, NAKD\
|
||||
Before: Pearson r: -0.68 and p-value: 3.2e-21\
|
||||
After: Pearson r: 0.043 and p-value: 0.66
|
||||
|
||||
Comparing GME, NOKK\
|
||||
Before: Pearson r: -0.87 and p-value: 1e-47\
|
||||
After: Pearson r: 0.39 and p-value: 3.9e-05
|
||||
|
||||
Comparing GME, BBBY\
|
||||
Before: Pearson r: 0.8 and p-value: 1.9e-34\
|
||||
After: Pearson r: 0.53 and p-value: 7.3e-09
|
||||
|
||||
Comparing GME, VIX\
|
||||
Before: Pearson r: -0.42 and p-value: 1.5e-07\
|
||||
After: Pearson r: -0.3 and p-value: 0.0022
|
||||
|
||||
Comparing IBM, AMZN\
|
||||
Before r: 0.25 and p-value: 0.0024\
|
||||
After Pearson r: 0.15 and p-value: 0.12
|
||||
|
||||
Comparing IBM, CVS\
|
||||
Before r: 0.75 and p-value: 4.8e-28\
|
||||
After Pearson r: 0.83 and p-value: 6.9e-28\
|
||||
Comparing IBM, GSK\
|
||||
Before r: 0.94 and p-value: 5.8e-72\
|
||||
After Pearson r: 0.62 and p-value: 2.4e-12\
|
||||
Comparing IBM, RDS\
|
||||
Before r: 0.64 and p-value: 3.1e-18\
|
||||
After Pearson r: 0.16 and p-value: 0.11\
|
||||
Comparing IBM, WEN\
|
||||
Before r: 0.82 and p-value: 1.2e-36\
|
||||
After Pearson r: 0.85 and p-value: 5.8e-30\
|
||||
Comparing IBM, GMBefore r: -0.6 and p-value: 9.9e-16\
|
||||
After Pearson r: 0.39 and p-value: 4.6e-05
|
||||
|
||||
If people want, I can run the code to do this for the whole set of measurables and write it out to a .csv file?
|
||||
|
||||
Final disclaimer: I know fuck all about finance, but I know about data science and stats! Yay stats!
|
412
DD/2021-06-05-A-Beginners-Guide-to-Hiding-100-Million-FTDs.md
Normal file
412
DD/2021-06-05-A-Beginners-Guide-to-Hiding-100-Million-FTDs.md
Normal file
@ -0,0 +1,412 @@
|
||||
WHERE ARE THE SHARES?? A Beginner's Guide to Hiding 100 Million FTDs - (FINAL)
|
||||
|
||||
==============================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/leavemeanon](https://www.reddit.com/user/leavemeanon/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nsuf5l/where_are_the_shares_a_beginners_guide_to_hiding/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
## TLDR:
|
||||
|
||||
The system is rigged in favor of HFT firms. Because computers are really good at finding derivatives for cheap to hedge sales for profit, naked short selling is no longer *part* of the system, it is the system, short term, over and over and over. What we're seeing might be the product, and possibly the unraveling - of that system.
|
||||
|
||||
Man that was melodramatic. Hey, I wouldn't believe me either, to be fair. I still really don't believe it.
|
||||
|
||||
//
|
||||
|
||||
Acronym Index and Glossary
|
||||
|
||||
*Because I wish the SEC would include these, for the Fed if nothing else...*
|
||||
|
||||
ETF - [Exchange-Traded-Fund](https://www.investopedia.com/terms/e/etf.asp) -
|
||||
|
||||
This is a more detailed explanation than the rest, because ETFs are *incredibly* important to understand.
|
||||
|
||||
An *Exchange-Traded-Fund* is a fund who's portfolio holdings is represented and traded on open exchanges via shares of the fund: ETF shares. Simply put, ETFs are hybrids between funds and stocks. They, like any fund, hold some portfolio of securities. And like any stock, they trade as shares on open exchanges. The fund's portfolio is typically designed to track some index or sector. Thus, an investor with some opinion about the ETF's portfolio can trade the ETF shares to eliminate some of the risks involved in trading single equities.
|
||||
|
||||
The *price* of ETF shares is determined at market value, based on their trading in the market - like any equity stock. The *value* of ETF shares is called their NAV, and when NAV differs from price (which is always true in some ETF, somewhere in the world), a profit opportunity exists via arbitrage (see [Chapter 1 for more](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf).
|
||||
|
||||
ETFs also provide a source of dynamic liquidity in the markets. This is because Authorized Participants (APs), acting as 'referees', oversee the markets and allocate supply to meet demand. APs are authorized to *create/redeem* ETF shares *with/for* representations of the ETF's portfolio. This mechanism is integral to liquidity provision, and helps align ETF share prices with their NAV.
|
||||
|
||||
The "creation/redemption" mechanism mentioned above is the bridge between *ETF shares*, "*liquidity*", and *particular securities*.
|
||||
|
||||
NAV - [Net-Asset-Value](https://www.investopedia.com/terms/n/nav.asp) An ETF's NAV is the value of the funds assets, minus liabilities. Functionally, for ETFs, the NAV is the value of the fund's portfolio, and because ETFs are only rebalanced a few times yearly, the *market price* of shares trading on open exchanges often differ from the NAV of those shares.
|
||||
|
||||
FTD - [Failure-to-Deliver](https://www.investopedia.com/terms/f/failuretodeliver.asp) - after the sale of a security, the seller (believe it or not) has 3 days to deliver the security to the buyer, otherwise the share is deemed failed-to-deliver - a FTD. FTDs should be rare, because they can build up and cause systemic issues, [as Patrick Byrne explains](https://youtu.be/I0WXg5T3cBE).
|
||||
|
||||
AP - [Authorized Participant](https://www.investopedia.com/terms/a/authorizedparticipant.asp) - "An authorized participant is an organization that has the right to create and redeem shares of an exchange traded fund (ETF)...." APs include Morgan Stanley, Goldman Sachs, Bank of America, JPMorgan Chase, and Citadel Securities. [BlackRock describes](https://youtu.be/iX7fOx5G40A) APs as referees, monitoring markets to allocate demand to meet supply - resulting in better liquidity and decreased volatility.
|
||||
|
||||
MM - [Market Maker](https://www.investopedia.com/terms/m/marketmaker.asp) - Market Makers, very generally, oversee markets and quote bid/ask prices to create a spread. They stand ready to buy or sell in their market, and they have algorithms coded to hedge these transactions and profit from arbitrage along the way. The are similar to APs in that they both monitor markets and ensure trades have counter-parties, however, the MM acts as a primary source of the APs information - MMs quote bid/ask spreads, and APs react to these spreads (in real time). This allows the MM to have more direct access to (and influence over) bid/ask quotes in their particular markets, however they rely on the AP to provide market liquidity via ETF creation/redemption.
|
||||
|
||||
HFT - [High-Frequency Trading](https://www.investopedia.com/terms/h/high-frequency-trading.asp) - "High-frequency trading, also known as HFT, is a method of trading that uses powerful computer programs to transact a large number of orders in fractions of a second. It uses complex algorithms to analyze multiple markets and execute orders based on market conditions. High-frequency-trading is characterized by high turnover rates and order-to-trade ratios. Some of the best-known high-frequency trading firms include Tower Research, Citadel LLC and Virtu Financial." This is *how* MMs and APs profit from volume, HFT algorithms scan for arbitrage opportunities.
|
||||
|
||||
//
|
||||
|
||||
Preface
|
||||
|
||||
First of all and for the record, this ape loves his country 🇺🇸. I have no doubt that some apes love their's more, and I'd say that's awesome. I'd probable even say *c'est bonne* (and be rightfully mocked)
|
||||
|
||||
It's *because* I love my country, that I am concerned. Deeply.
|
||||
|
||||
And despite the fact that my *entire* understanding of the financial system is merely 6 months old and limited to what I can find online - there are much older, much wiser, and much warier opinions than mine. Tendies or not, I absolutely do not wish for disaster or advocate wishing for disaster. I hodl for the same reason I originally bought - I like the stock.
|
||||
|
||||
Secondly, I really don't advocate for *anything* except using your own brain, shiny or not, to come to your own conclusions. None of this, including my other posts/comments, is financial advice or intended to be defamatory in any way.
|
||||
|
||||
This series is essentially a brain-dump - resulting from my attempts to identify what the hell, *exactly*, has been going since January.
|
||||
|
||||
*Why listen to me?* - You shouldn't. Not at face value at least. I have no special insight nor expertise. I like logic and puzzles. That's all.
|
||||
|
||||
I may have gone wrong here, way way off even - I'm just not exactly sure how. *insert Michael Burry - 'Big Short' quote* So if you find holes to punch, *please*, punch away. We're all learning here. And frankly, in many ways, I'd love to be wrong on this.
|
||||
|
||||
//
|
||||
|
||||
Chapter 3: The Machine
|
||||
|
||||
Where we Stand
|
||||
|
||||
[Chapter One](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf) dove into ETFs, and the ever-growing role they play in market liquidity. In principal, the relationship between ETFs/underlying securities is like a hydraulics system. Securities have some of their supply distributed in various ETFs, and the buying pressures in these different markets are the pistons *squeezing* their respective market's liquid. As pressure (demand) builds in a given market, APs can dial pressure up in the ETF markets to force liquid wherever it's needed. *APs can only add pressure.* They cannot reduce buying pressure, except indirectly by providing supply.
|
||||
|
||||
This *pressure control* system is vial to keeping markets at bay and keeping ETFs aligned with their NAV. Overall, these are good things.
|
||||
|
||||
Chapter One explained the *mechanism* behind that *pressure control* system, and how APs profit from it through arbitrage: if there are price discrepancies between ETF shares and their underlying, APs are profiting on it.
|
||||
|
||||
[Chapter Two](https://www.reddit.com/r/Superstonk/comments/nrw9xi/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf) looked at options trading and its role in hedging. Both equites and options have Market Makers that hedge their sales with options, and I mentioned the fact that options create "synthetic positions" that mimic the returns of some other position. This creates yet another arbitrage opportunity, as price discrepancies in the synthetic positions and their *analogs* can be profitable.
|
||||
|
||||
A few apes mentioned in chapters [One](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf) and [Two](https://www.reddit.com/r/Superstonk/comments/nrw9xi/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf) that a certain... (*don't say je ne sais qoui, don't say je ne sais quoi*...) 'something' was missing. Like trying beer for the first time and it's flat. I'm sure others knew what I was hinting at, and I'm sorry if it felt like I was pandering. I'm going for *no ape left behind*, and I think the overall machine is far better understood in light of it's inner workings.
|
||||
|
||||
//
|
||||
|
||||
Je Ne Sais Quoi
|
||||
|
||||
Okay all five question words let's go -
|
||||
|
||||
*Who?*
|
||||
|
||||
Citadel, *en masse*: an Authorized Participant, Market Maker, Broker Dealer, Hedge Fund, and probably a dozen other things.
|
||||
|
||||
*What?*
|
||||
|
||||
Wallstreet's God. Naturally, they adopted the triumvirate of Father Fed, the many (some prodigal) Sons, and the Holy Ghost of Liquidity - always there in the background to fill your purchase orders. Yeah, Citadel accounts for close to half of that Liquid Holy Ghost.
|
||||
|
||||
*When?*
|
||||
|
||||
For the last 5 years at least, but particularly in January 2021, and *specifically* on January 27th. Ken stated in the [Congressional Hearing](https://youtu.be/lxdp-wU3UZI) that, "on Wednesday, January 27, we executed 7.4 billion shares for retail investors."
|
||||
|
||||
*Where?*
|
||||
|
||||
Primarily on RobinHood, I'd imagine. At first, at least. Then, a few nanoseconds later, processed through Citadel's network of black boxes to find a better price than you, then sell to you.
|
||||
|
||||
*How?*
|
||||
|
||||
THIS is why I started with the boring details.
|
||||
|
||||
I get to skip this part. Arbitrage is how. Via ETF, forced hedging, all those ways we went through
|
||||
|
||||
now for the coolest, most ignored question word
|
||||
|
||||
//
|
||||
|
||||
Why?
|
||||
|
||||
( With a splash of how? )
|
||||
|
||||
Arbitrage is great, but it has one major problem. It doesn't make very much money, *per trade*. You're only netting small differences, because these arbitrage trades *should* be for equal things. The only reason arbitrage works is because of inefficiencies in pricing. This is where arbitrage meets its best friend: High Frequency Trading.
|
||||
|
||||
[Investopedia](https://www.investopedia.com/articles/active-trading/092114/strategies-and-secrets-high-frequency-trading-hft-firms.asp) includes four types of arbitrage among the 6 listed money-making strategies, one of which is *volatility* arbitrage. I think Ken said it in the Congressional Hearing, but I'm not sure -
|
||||
|
||||
HFT firms make SIGNIFICANTLY more money in VOLATILE markets.
|
||||
|
||||
I mean I can't believe I have to point this out, someone must be saying something, but this creates a CLEAR CONFLICT OF INTEREST when the HFT firm is an Authorized Participant.
|
||||
|
||||
*Why?* because, APs CONTROL THE LIQUIDITY in the ETF market, and, indirectly, the markets of the underlying securities.
|
||||
|
||||
Maximum volatility = maximum profit per arbitrage trade = *$$$$$$$$* for HFT/AP firms
|
||||
|
||||
It's a simple move and I mean - just pick a couple of GME's ETFs and look at ownership since 2015, I'd guess it's up 500% on average, probably more. Whether this was natural (as underlying price decreased) or intentional, I don't know. *But*, if there happens to be both 1) more volume in the underlying than in the ETF and 2) underlying NAVs consistently dropping lower than ETF price, APs have an opportunity for massive profit.
|
||||
|
||||
So to earn that $200m bonus, you look for an ETF with *just* the right blend of wimpy and popular. Then have your trading firm buy ETF all day, or turn the AP's "gobble ETF shares" dial up a few notches, maybe tell your buddies how cool the fund is, anything you can to increase buying in the ETF. AP is *required* to siphon supply from the underlying to meet the ETF demand.
|
||||
|
||||
Easy. Done.
|
||||
|
||||
Over time, your own ETF buying increases the price of your own holdings. And these are *funds*, they're meant to be stable. And many of them are illiquid - so when ETF buyers show up, APs likely *need* to siphon underlying shares. All this *siphoning* makes the underlying more volatile, so when you're responsible for putting the shares back to meet demand, you can take your sweet time and suck as much money as possible from regular investors. Every millisecond counts.
|
||||
|
||||
And as long as you keep buying ETF, or convincing someone to buy ETF, after each ETF rebalancing, the ETF inflation will dictate that ETF price is higher than NAV, *forcing* you, as an AP, to buy underlying until they equate (then maybe you buy again). I think you can see how this quickly becomes a vicious cycle.
|
||||
|
||||
Do I sound crazy yet? Oh, *long time ago?* I know, I've felt crazy for weeks. I cannot prove that this happens, I can only say that the system exists such that it is possible, and very profitable. And frankly it's very likely that the cycle is a natural byproduct of increasing interest in ETFs. Whether or not it's intentional:
|
||||
|
||||
"ETFs have grown to $131.2 billion in assets under management by 2016, up from only $3.9 billion in 2007 representing a growth rate of 3300% over ten years."
|
||||
|
||||
That information is remarkably hard to find, but [this Harvard paper](https://scholar.harvard.edu/files/kevin_pan/files/etfarbunderliqmismatch.pdf) mentioned it.
|
||||
|
||||
Oh wait, lol no it's not hard to find - [Statista (not sure if reliable but looks legit)](https://www.statista.com/topics/2365/exchange-traded-funds/#:~:text=The%20assets%20under%20management%20%28AUM%29%20of%20global%20ETFs,5.6%20trillion%20U.S.%20dollars%20of%20the%20global%20total.) reported -
|
||||
|
||||
"he assets under management (AUM) of global ETFs increased from 417 billion U.S. dollars in 2005 to over 7.7 trillion U.S. dollars in 2020. The regional distribution of the AUM of ETFs was heavily skewed towards North America, which accounted for around 5.6 trillion U.S. dollars of the global total."
|
||||
|
||||
Holy Liquidity Mother of Fed, that is a f*cking ton money. 5.6 TRILLION DOLLARS worth of North American stocks trading instead in ETFs. *All that illiquidity, all that volatility...* see what I mean?
|
||||
|
||||
//
|
||||
|
||||
GameStop, The Machine, and The House of Cards
|
||||
|
||||
I took some Philosophy in college. Non-metaphorically, even. And if you've ever taken a Philosophy class, you've likely asked yourself why everyone in it thinks everything has to be an argument all the time.
|
||||
|
||||
Well, as I would for my apes, I'll stand up for my fellow philosophers by saying that sometimes - and *particularly* when you don't know what the hell you're talking about - the safest way to move forward is to:
|
||||
|
||||
First, break things down into facts, or get as close as possible.
|
||||
|
||||
(Descartes currently holds the record at one... though, naturally, it's disputed. Getting all the way to 0 earns you a clinical diagnosis, and trying to prove it earns you *at least* one more, and possibly a PhD)
|
||||
|
||||
Then, use logic, as best as you can, to propose *new facts* based on the old facts. They call these new facts 'conclusions', I think. Or 'heresy', maybe, depending.
|
||||
|
||||
The *goal* of an argument, formally, is to reach a valid conclusion. The *utility* of these conclusions is... something non-philosophers bother with.
|
||||
|
||||
Valid conclusions are reached by using facts and logic mathematically. If the facts are verifiable and the logic is sound, the conclusion is valid.
|
||||
|
||||
So why is everyone always arguing? Philosophers, a significant portion of college kids, and, ironically, HFT algorithms, *think* in the structure of argument.
|
||||
|
||||
Alright lets try one -
|
||||
|
||||
//
|
||||
|
||||
Facts
|
||||
|
||||
Quotes [directly from the SEC](https://www.sec.gov/investor/pubs/regsho.htm) :
|
||||
|
||||
"Short selling is used for many purposes, including to profit from an expected downward price movement, to provide liquidity in response to unanticipated buyer demand or to hedge the risk of a long position in the same security or a related security."
|
||||
|
||||
and how *should* this done?
|
||||
|
||||
"Typically, when you sell short, your brokerage firm loans you the stock. The stock you borrow comes from either the firm's own inventory, the margin account of other brokerage firm clients, or another lender."
|
||||
|
||||
and if, say, there are no shares to borrow anymore, where else can shares be found?
|
||||
|
||||
"In a "naked" short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard three-day settlement period. As a result, the seller fails to deliver securities to the buyer when delivery is due (known as a "failure to deliver" or "fail")."
|
||||
|
||||
and, um, *why* is that legal?
|
||||
|
||||
*(try not to read this in Ken G's voice from the first congressional GameStop hearing btw... If you don't remember how it sounded, its eerily similar to Michael Scott - but really nasal like Steve has a terrible cold, and choppy like he's short circuiting from the cognitive dissonance.)*
|
||||
|
||||
"There may be legitimate reasons for a failure to deliver. For example...delays can result from transferring securities in physical certificateobsolete ... A fail may also result from "naked" short selling. For example, market makers who sell short thinly traded, illiquid stock in response to customer demand may encounter difficulty in obtaining securities when the time for delivery arrives."
|
||||
|
||||
""Naked" short selling is not necessarily a violation of the federal securities laws or the Commission's rules. Indeed, in certain circumstances, "naked" short selling contributes to market liquidity. For example, broker-dealers that make a market in a security generally stand ready to buy and sell the security on a regular and continuous basis at a publicly quoted price, even when there are no other buyers or sellers. Thus, market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market. This may occur, for example, if there is a sudden surge in buying interest in that security, or if few investors are selling the security at that time. Because it may take a market maker considerable time to purchase or arrange to borrow the security, a market maker engaged in bona fide market making, particularly in a fast-moving market, may need to sell the security short without having arranged to borrow shares. This is especially true for market makers in thinly traded, illiquid stocks as there may be few shares available to purchase or borrow at a given time. "
|
||||
|
||||
Speaking of the hearing, here's another fact: Ken stated in the Congressional Hearing that, "on Wednesday, January 27, we (Citadel) executed 7.4 billion shares on behalf of retail investors. To put this into perspective, on that day, Citadel Securities cleared more trades for retail investors than the entire average daily volume of the entire US equities market in 2019."
|
||||
|
||||
I shit you not, [at 24:35](https://youtu.be/lxdp-wU3UZI).
|
||||
|
||||
He also said, "During the frenzied period of retail trading, Citadel Securities was able to provide continuous liquidity every minute of every trading day. When others were unable... or willing to meet the demand, Citadel Securities was there. I could not be more proud of our team."
|
||||
|
||||
//
|
||||
|
||||
Logic
|
||||
|
||||
If demand for a particular security *rapidly* increases, the AP, or some AP, must provide (as I've quoted a few times now) liquidity to meet that demand, even though the demand was for a *particular security*.
|
||||
|
||||
If supply is lacking in a *particular security*, APs have a responsibility to provide it. Throughout January 2021 and *particularly* on the 27th, there was unprecedented volume -
|
||||
|
||||
whether this was shorts covering, regular retail trading, apes gobbling GME pacman style, some of which are among the thousands of high schoolers with pandemic stimulus money and almost nothing to spend it on except a free iPhone app that lets them buy cool stocks they saw online like a video game at zero commission -
|
||||
|
||||
all of that buying pressure - much of which was heavily skewed toward a few dozen securities, likely required unprecedented liquidity in those *particular securities.*
|
||||
|
||||
As beaten to death at this point, ETF redemption and hedging are ways of turning "liquidity" into *particular securities*.
|
||||
|
||||
To take full advantage of *both* of those, it helps to be an Authorized Participant *and* a Market Maker in the markets in question.
|
||||
|
||||
//
|
||||
|
||||
Facts, again, but with some logic too
|
||||
|
||||
Directly from [Citadel's Website](https://web.archive.org/web/20210428124834/https://www.citadelsecurities.com/products/equities-and-options/) -
|
||||
|
||||
"Citadel Securities is a leading market maker to the world's institutions and broker-dealer firms. Our automated equities platform trades approximately 26% of U.S. equities volume....We execute approximately 47% of all U.S.-listed retail volume, making us the industry's top wholesale market maker. Citadel Securities acts as a specialist or market maker in more than 3,000 U.S. listed-options names, representing 99% of traded volume, and ranks as a top liquidity provider on the major U.S. options exchanges."
|
||||
|
||||
Citadel is a Market Maker *and* an Authorized Participant - capable of capitalizing on liquidity provision *and* hedging responsibilities.
|
||||
|
||||
but.. how again, exactly? Like, cash to GME, what's in the middle?
|
||||
|
||||
Hedging is the easy part. Well easier to explain at least. 2 options:punintended 1) directly sell short and hedge with some long options position. 2) sell calls / buy puts (as MMs, they can influence these prices and choose which trades to take), and then sell the shares you were forced to hedge with
|
||||
|
||||
I'm not *entirely* sure #2 is legal but #1 most definitely is.
|
||||
|
||||
Directly selling short is the way to go, though, because you don't increase the buy pressure, whereas hedging would force you to buy then resell.
|
||||
|
||||
I really should say: "Directly selling short is the way to go because you get to force the price down, whereas hedging would allow the movement to remain natural."
|
||||
|
||||
I've been reading too much of this shit...
|
||||
|
||||
Anyway, there's another way to sell without buying, directly forcing the price down: Get the shares from an ETF:
|
||||
|
||||
From [BlackRock's iShares IWM prospectus](https://www.ishares.com/us/literature/prospectus/p-ishares-russell-2000-etf-3-31.pdf?stream=reg&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;product=I-R2000&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;shareClass=US+Class&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;documentId=925868%7E926239%7E926348%7E925613%7E925577&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;iframeUrlOverride=%2Fus%2Fliterature%2Fprospectus%2Fp-ishares-russell-2000-etf-3-31.pdf) -
|
||||
|
||||
"...the Fund sells and redeems its shares directly through transactions that are in-kind and/or for cash, subject to the conditions described below under Creations and Redemptions."
|
||||
|
||||
*to the fine print we go*
|
||||
|
||||
"A creation transaction, which is subject to acceptance by the Distributor of the Fund, generally takes place when an Authorized Participant deposits into the Fund a designated portfolio of securities, assets or other positions (a "creation basket"), and an amount of cash (including any cash representing the value of substituted securities, assets or other positions), if any, which together approximate the holdings of the Fund in exchange for a specified number of Creation Units."
|
||||
|
||||
So if I'm reading that right, [any pile of securities, short sales, derivates, or cash] = [ETF shares]...
|
||||
|
||||
And, of course, it works backward as well:
|
||||
|
||||
"Similarly, shares can be redeemed only in Creation Units, generally for a designated portfolio of securities, assets or other positions (a "redemption basket") held by the Fund and an amount of cash (including any portion of such securities for which cash may be substituted)."
|
||||
|
||||
So *actually* -
|
||||
|
||||
[any pile of securities, short sales, derivates, or cash] = [ETF shares] = [Underlying Shares]
|
||||
|
||||
Oh, and to reiterate from the first post:
|
||||
|
||||
"To the extent the Fund engages in in-kind transactions, the Fund intends to comply with the U.S. federal securities laws in accepting securities for deposit and satisfying redemptions with redemption securities by, among other means, assuring that any securities accepted for deposit and any securities used to satisfy redemption requests will be sold in transactions that would be exempt from registration under the Securities Act of 1933..."
|
||||
|
||||
So, naturally, they don't have to report these shares.
|
||||
|
||||
You should really skim through that IWM prospectus. Especially the 'Creation and Redemption' section.
|
||||
|
||||
And, obviously, no physical shares are being exchanged - it's all data. Specifically, the ETF issuer treats the deposits as "redemption credits", basically looking at the 'asset/cash' pile and saying - *can't tell if that's ETF or underlying, so we'll just say it's both*. So if the AP prefers the underlying (to meet demand there), ETF issuer returns so called ["redemption credits"](https://www.sec.gov/rules/sro/nscc/2017/34-82193.pdf) for the asset/cash deposit, and these trade just like real shares.
|
||||
|
||||
Why doesn't the ETF just use the shares it owns? Well maybe because redemption credits are written against taxes, but probably because the fund already lent all of its real shares. A couple times. Each. That's what they do.
|
||||
|
||||
and these "redemption credits" are used cumulatively for tax write-offs, so they are tracked somehow. Not reported of course, and there's a little blurb in the IWM prospectus that says something like "we've elected to not adopt an automated regulation system for the creation/redemption deposits..."
|
||||
|
||||
Oh wait, here it is -
|
||||
|
||||
"The Board has adopted a policy of not monitoring for frequent purchases and redemptions of Fund shares ("frequent trading") that appear to attempt to take advantage of a potential arbitrage opportunity presented by a lag between a change in the value of the Fund's portfolio securities after the close of the primary markets for the Fund's portfolio securities and the reflection of that change in the Fund's NAV ("market timing"), because the Fund sells and redeems its shares directly through transactions that are in-kind and/or for cash..."
|
||||
|
||||
Unbelievable.
|
||||
|
||||
so the only intermediaries between infinite derivative/cash deposits and infinite liquidity is 1) the algo's ability to find a synthetic that's cheaper than the shares (arbitrage) within 3 days (or 4 in 2018, or 6 in 2020, but really the max has always been 35 days...) and 2) blessing of the Distributor, BlackRock, who doesn't monitor this activity, and 3) the custodian's stamp of approval.
|
||||
|
||||
*Who* is that custodian, sweeping up garbage and reporting the load to BlackRock?
|
||||
|
||||
State Street.
|
||||
|
||||
Seriously. I felt like someone was just messing with me when I read all this.
|
||||
|
||||
(( The very *existence* of this mechanism depicts the chasm between Wall Street and the public. They would say it improves liquidity and decreases volatility. I would say it's potentially manipulative, potentially *deflationary* to underlying securities, and I'd argue that [it's actually major culprit in liquidity issues](https://scholar.harvard.edu/files/kevin_pan/files/etfarbunderliqmismatch.pdf). Which isn't so surprising since it's the very mechanism siphoning liquidity away in the first place. ))
|
||||
|
||||
//
|
||||
|
||||
GameStop, for real this time
|
||||
|
||||
So after *all that* - this next part, uh... this might be a little awkward, but.. back to those 7.4 billion shares Citadel executed for *retail investors alone* on a single freaking day. Do you remember the price increases of some *particular securities* that were sold?? Can you imagine filling all of those buy orders?
|
||||
|
||||
Probably not, and I don't know if Ken did, either. Remember, this is the system, or roughly half of it. This is where your trades go, and how the system is *designed* to react.
|
||||
|
||||
The *other* half would be the other APs. JP, GS, you know the crew. The ones that all reported ownership of GME's ETFs in the last few months.
|
||||
|
||||
Why is that relevant? Well, as GME buying pressure goes up, APs need ETF to redeem. So the buying pressure in ETFs goes up but *uh oh* - who's selling the ETF? Some of them are pretty illiquid to begin with, so which AP bites the bullet, and shorts the ETF?
|
||||
|
||||
That'd be the one that didn't report buying them. Because they can't. Citadel Securities LLC.
|
||||
|
||||
I'm probably just seeing things, but those 13F filings, to me, say *Wasn't me!* To me, they may as well be fingers pointing at Ken.
|
||||
|
||||
Now, I have absolutely no idea *why* Ken bit the bullet in January. It could be that the technology netting him half of retail's trades, possibly their risk profiles, and the capability of that technology to generate the liquidity provided to *literally* keep the system from collapsing - it is possible that their technology may have been uniquely capable of handling the demand.
|
||||
|
||||
It is also possible that all of the APs and Market Makers share pieces of the GME debt-*gâteau*.
|
||||
|
||||
I believe based on, well, the above and the work of [u/atobitt](https://www.reddit.com/u/atobitt/), Wes Christian and the like, that the true answer is some combination of those two and the following -
|
||||
|
||||
//
|
||||
|
||||
Guesses, as educated as I can make them
|
||||
|
||||
It is likely that GameStop has been aggressively sold short for many years - particularly since 2014. And as the ETF market grew from $100 billion to $5.6 Trillion in assets, I'd argue that ETF creation/redemption, intentionally or not, facilitated this process.
|
||||
|
||||
Remember the ETF gobble/profit cycle I mentioned earlier? Maybe, and this is just a guess, this is some part of the "distribution" BlackRock is referring to in IWM's prospectus -
|
||||
|
||||
"Because new shares may be created and issued on an ongoing basis, at any point during the life of the Fund a "distribution," as such term is used in the 1933 Act, may be occurring."
|
||||
|
||||
Well, that gobble/profit cycle would *love* for Hedge Funds and other firms to short sell GME, right? Price goes down, you get to make more ETF. It feeds directly into the cycle.
|
||||
|
||||
So, in my worthless opinion, I think there's a significant possibility that many firms were short GME for many years, then ETFs came along, allowing APs to get in on the action, then HFT came along and combined a targeted short attack with a arguably dodgy, yet profitable trading tool and "accidentally" created a massive ocean of rolling FTDs, ...
|
||||
|
||||
Yes that sounds crazy. But I'm not pulling that out of thin air. I remember even MarketWatch said GME had over 60 million shares short on January 15, and I went through like 10 ways to skirt reporting. Look at the ETF growth: $4 billion in 2007 to $7.7 trillion last year. That's over 192,000%. 15,000% a year on average.
|
||||
|
||||
Honestly, from everything I read, naked short selling is the primary route of HFT liquidity. That's terrifying because these are just computers programmed within certain parameters, but I think that's *why* naked short selling is the go-to: these things don't locate, it's far simpler and far faster to just sell now and use the 35 day settlement cycle to look for a cheaper long synthetic position to hedge with.
|
||||
|
||||
And when the delivery day comes, they do it again, and again, and again, because they're coded to look for profits, to *make money*, and I don't know if there's a parameter than accounts for all the shares sold, trading, and collateralized on the books with derivatives that build up over time as excess supply.
|
||||
|
||||
I could go on and on.. how spikes in GME FTD volume are perfectly in between those of its ETFs. How the spikes in options OI also line up perfectly. Or how creation baskets can even be "custom" and just theoretically be 50,000 GME's. It doesn't matter, the bottom line is - it's a mess.
|
||||
|
||||
*So why hasn't BlackRock laid the hammer? And who even gets the hammer?*
|
||||
|
||||
actually, I'll let BlackRock tell you,
|
||||
|
||||
"Close-Out Risk for Qualified Financial Contracts.
|
||||
|
||||
Regulations adopted by global prudential regulators that are now in effect require counterparties that are part of U.S. or foreign global systemically important banking organizations to include contractual restrictions on close-out and cross-default in agreements relating to qualified financial contracts."
|
||||
|
||||
note - "contractual restrictions", not "restrictive contracts"
|
||||
|
||||
they restricted from forcing the close-outs.
|
||||
|
||||
"Qualified financial contracts include agreements relating to swaps, currency forwards and other derivatives as well as repurchase agreements and securities lending agreements."
|
||||
|
||||
"The restrictions prevent the Fund from closing out a qualified financial contract during a specified time period..."
|
||||
|
||||
So they can't even touch the hammer. In favor of -
|
||||
|
||||
"Broker-dealers and other persons are cautioned that some activities on their part may, depending on the circumstances, result in their being deemed participants in a distribution in a manner that could render them statutory underwriters subject to the prospectus delivery and liability provisions of the 1933 Act."
|
||||
|
||||
So it's the *underwriters* that are *underwater*.
|
||||
|
||||
❤️
|
||||
|
||||
Oh and the buyers of that underwritten pile get the hammer too.
|
||||
|
||||
"Broker-dealers...that are part of an "unsold allotment"...would be unable to take advantage of the prospectus delivery exemption..."
|
||||
|
||||
//
|
||||
|
||||
If you're learning all of this for the first time, *shit*, honestly I can't imagine it. Like I said in the first post, it's taken me months to put all of this together - and I've felt crazier by the week. Maybe I'm missing something huge here, but 5.6 Trillion dollars is a lot of dollars, so this ETF thing seems kind of important. And really, I think I just needed to get it out of my brain and into words.
|
||||
|
||||
and make no mistake, there were 1 billion GME shares traded in the January run up. Idk if the original shorts were able to actually cover *anything*, but even if they *did* - those buy orders were filled with short sales all the way up, just like the system was coded to do.
|
||||
|
||||
Almost $500 billion in GME was sold in January. Of all the *concentrated*,*particular stocks* in January's madness - GME sold the highest dollar amount by $496 billion. Second was AMC, at $4b. AMC has since surpassed its January peak by over 350%. Just saying.
|
||||
|
||||
//
|
||||
|
||||
3 tiny little things before I go...
|
||||
|
||||
First, this overall explanation of the market does a great job of explaining similar price movements we see in multiple stocks. In the face of HFT algos naked short selling possibly *billions* of shares in a single day, we see multiple prices move along the FTD cycles.
|
||||
|
||||
First and a half, it also explains TSLA - the notoriously shorted, Meme Lord/Destroyer-of-Shorts owned recipient of a 800% run since 2020. TSLA traded over 6 billion shares in early 2020 between $70-$140. It proceeded to reach $800 the following year.
|
||||
|
||||
Second, it also connects the treasury markets - because as [u/atobitt](https://www.reddit.com/u/atobitt/) explained, the 10-20 year treasury bonds are the preferred collateral of the Repo Market, the largest and most liquid market on the planet (I think). AP buys (or otherwise obtains) treasury ETF shares, redeems them for bonds, and go to the Repo Market. *voila* cash to do everything I just described.
|
||||
|
||||
Second-and-a-half, Michael Burry shorted a 20 year treasury ETF for like 500mil I think. TLT.
|
||||
|
||||
Last thing - IWM rebalances every February, May, August, and November. If you look at GME toward the ends of months, price and volume tend to increase. Which is weird, since GME has been in increasing in price since last November.
|
||||
|
||||
While increasing, you'd expect the ETF to be redeemed for shares (ownership decreases), and if the price in February greater than in November (it was, $15 to $50, and $15 may have been what they were shooting for...), then the ETF should have to sell GME shares to maintain its proportions.
|
||||
|
||||
So why is GME's price going up while its ETFs are selling shares?
|
||||
|
||||
Dr. Burry, again, comes to mind. Remember when he sold in October, and it took his brokers weeks to find his shares? If an ETF needs to sell shares to maintain the portfolio, but previously lent all its shares, it needs to recall enough shares to meet the sale. And if the shares were borrowed and re-borrowed and re-borrowed, they'd need bought and rebought and rebought.
|
||||
|
||||
GME price, on average, has steadily increased since August. At the end of those months, GME price rapidly goes up further, despite ETF selling. GME went from ~$15-25 in November and then January happened. And the end of February happened.. and May..
|
||||
|
||||
//
|
||||
|
||||
So, all put together, it almost looks like the shorts tried to cover, failed, almost broke the system by doing it at the same time as everybody else, and now the system that was coded to prevent the MOASS, and was successful, is trying to release all that pressure into *fractions* of the volume that created it.
|
||||
|
||||
*There are the shares.*
|
||||
|
||||
Naked shorts and derivative collateral and cash covered ETF swaps, maybe buy-writes and married puts too - and when it comes time to cover just do it again, because it's cheaper that way.
|
||||
|
||||
And if you need *cash* to do all of this 10 times over to prevent the system from collapsing, formally known around here as the *delaying the MOASS*, maybe you buy treasury ETF for the bonds inside, probably derive some synthetic collateral too, and take the bonds to the Repo market.
|
||||
|
||||
Well wouldn't that just make the whole problem worse, now that all of January's volume is gone and the volume is dry?
|
||||
|
||||
*That, maybe, is the House of Cards.*
|
||||
|
||||
//
|
||||
|
||||
If you heard me out and still think it's too crazy, I don't blame you. Thank you for humoring my brain dump. And I hope I didn't offend my French apes, really Idk why I ran with that theme.
|
||||
|
||||
HODL 🚀🚀
|
@ -0,0 +1,33 @@
|
||||
$100MM of DEEP ITM GME CALLS have been purchased since 3/1(Monday)
|
||||
==================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/lx5kgk/100mm_of_deep_itm_gme_calls_have_been_purchased/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
|
||||
|
||||
New Post is UP 3/9: <https://www.reddit.com/r/GME/comments/m1hejz/quick_update_additional_40_million_deep_itm_calls/>
|
||||
|
||||
UPDATE 3/4: 3:38pm 2,500 more calls purchased out of the PHLX exchange totaling 31.12 million
|
||||
|
||||
<https://imgur.com/a/zPNFMi9>
|
||||
|
||||
This brings the net to 131 million on the week and 12,000 calls
|
||||
|
||||
Good Afternoon my fellow tendiemen,
|
||||
|
||||
I bring fantastic news to all the bagholding crayon eaters on this sub. This post is an update to the original post by [u/tapakip](https://www.reddit.com/u/tapakip/).
|
||||
|
||||
(3/1) Monday someone out of the PHLX exchange (Philadelphia) purchased roughly $45MM worth of deep ITM calls ($12 and $15 strike) <https://imgur.com/a/8ZCd3b9> = 3415 calls
|
||||
|
||||
(3/2) Tuesday same exchange another $20 million in deep ITM calls <https://imgur.com/gallery/Qp2phEm> = 1800 calls
|
||||
|
||||
(3/3) Wednesday another massive purchase of deep ITM calls from PHLX $45 million expiring 4/16/21
|
||||
|
||||
<https://imgur.com/gallery/Z05Vqmg> = 4210 calls
|
||||
|
||||
In total here we are looking at a purchase of roughly 9425 calls from what we believe is the same buyer over the course of the last 3 days. Unfortunately I do not have access to the historical data to see if the same buyer had bought more previously. Regardless this gives the buyer the rights to buy 942,500 shares by April 16 (presuming these options expire ITM). This is just one of the many factors setting up a potential gamma squeeze.
|
@ -0,0 +1,63 @@
|
||||
UPDATE (3/4): $131 Million of DEEP ITM GME CALLS have been purchased since 3/1(Monday)
|
||||
======================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/lxxaty/update_34_131_million_of_deep_itm_gme_calls_have/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
|
||||
|
||||
Salutations Future 1% Apes,
|
||||
|
||||
NEW DD!
|
||||
|
||||
UPDATE 3/5: 3:16pm an additional 2500 calls purchased from PHLX exchange totaling $31.49 million
|
||||
|
||||
<https://imgur.com/gallery/G4JgzgP>
|
||||
|
||||
This brings the net to $162.5 million on the week and 14,500 calls.
|
||||
|
||||
Interestingly this is the first we've seen the buyer purchase 3/19/21 calls (400 @ 20c strike)
|
||||
|
||||
Some Additional DD:
|
||||
|
||||
First off, I'd like you to say thank you for all of the overwhelming support the last few days. The response to these posts have been off the charts and many of you have raised some eye opening questions and I'd like to summarize these points to you all. Remember that asking questions improves all of our overall understanding of this very complex topic.
|
||||
|
||||
Who is the buyer?: It has come to my attention that the consensus here is there are two scenarios for our buyer out of PHLX. This is either a rich whale (either a HF or individual) with some very deep pockets.(You dont go all-in with the only $162.5 million you have). This would be them opening a new position. The other scenario is that this is a HF preparing to cover their position. This could be them guaranteeing the rights to 1.45 million shares at a set price. Lets keep in mind though that this could be a drop in the bucket if there are truly hundreds of millions of shares that need to be covered. Buying these deep in the money calls could theoretically offload some of the risk of the HF's onto the market makers and exchanges. While this is may be a transference of risk someone will be ultimately holding the bag. This process of buying deep ITM calls to cover a short position when shares are otherwise unavailable has been called into question whether it should be legal.
|
||||
|
||||
Additional Info on ITM calls: With typical calls that are At-The-Money or Out-Of-The money you would almost never want to exercise early do to the loss of theta value (time remaining x volatility). With these extremely deep In-The-Money calls there is almost no theta component to these prices. We can delve into why this is in the comments but in a nutshell its because you are already putting so much up front that you basically are already are paying for the appropriate amount of risk. What I'm getting at here is that although these options are dated for 4/16/21 they can be exercised earlier at any time and it would be at no loss to the owners of these options.
|
||||
|
||||
Good evening Lady Apes and GMEtlemen,
|
||||
|
||||
UPDATE 3/4: 3:28pm 2,500 more calls purchased out of the PHLX exchange totaling 31.12 million
|
||||
|
||||
<https://imgur.com/a/zPNFMi9>
|
||||
|
||||
Good afternoon my fellow tendiemen,
|
||||
|
||||
I bring fantastic news to all the bagholding crayon eaters on this sub. This post is an update to the original post by [u/tapakip](https://www.reddit.com/u/tapakip/).
|
||||
|
||||
(3/1) Monday someone out of the PHLX exchange (Philadelphia) purchased roughly $45MM worth of deep ITM calls ($12 and $15 strike) <https://imgur.com/a/8ZCd3b9> = 3415 calls
|
||||
|
||||
(3/2) Tuesday same exchange another $20 million in deep ITM calls <https://imgur.com/gallery/Qp2phEm> = 1800 calls
|
||||
|
||||
(3/3) Wednesday another massive purchase of deep ITM calls from PHLX $45 million expiring 4/16/21
|
||||
|
||||
<https://imgur.com/gallery/Z05Vqmg> = 4210 calls
|
||||
|
||||
In total here we are looking at a purchase of roughly 9425 calls from what we believe is the same buyer over the course of the last 3 days. Unfortunately I do not have access to the historical data to see if the same buyer had bought more previously. Regardless this gives the buyer the rights to buy 942,500 shares by April 16 (presuming these options expire ITM). This is just one of the many factors setting up a potential gamma squeeze.
|
||||
|
||||
Something to note: These deep ITM calls are much different than someone buying $800 strike OTM yolo plays. Rather than spending the bulk of the money on theta (time value x volatility premium) the buyer chose to purchase a much more physical asset (the Intrinsic value of the deep ITM calls). This isn't someone saying I think this stock will reach some astronomical price, this is an individuals confidence to make a 100MM investment basically into the stock of this company. If this isn't a bullish sign then idk what is.
|
||||
|
||||
We are in good hands now APES
|
||||
|
||||
TL;DR: one buyer bought $100 million of calls on gamestop the last 3 days. Probably good for us
|
||||
|
||||
P.S. if I'm right my wife's boyfriend says I get to sleep inside
|
||||
|
||||
🙌💎 DIAMOND HANDS 🙌💎
|
||||
|
||||
Not a financial advisor blah blah you know the deal
|
@ -0,0 +1,63 @@
|
||||
UPDATE (3/5): $162.5 Million of DEEP ITM GME CALLS have been purchased since 3/1(Monday) NEW DD!
|
||||
================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/lylvrb/update_35_1625_million_of_deep_itm_gme_calls_have/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
|
||||
|
||||
Salutations Future 1% Apes,
|
||||
|
||||
NEW DD!
|
||||
|
||||
UPDATE 3/5: 3:16pm an additional 2500 calls purchased from PHLX exchange totaling $31.49 million
|
||||
|
||||
<https://imgur.com/gallery/G4JgzgP>
|
||||
|
||||
This brings the net to $162.5 million on the week and 14,500 calls.
|
||||
|
||||
Interestingly this is the first we've seen the buyer purchase 3/19/21 calls (400 @ 20c strike)
|
||||
|
||||
Some Additional DD:
|
||||
|
||||
First off, I'd like you to say thank you for all of the overwhelming support the last few days. The response to these posts have been off the charts and many of you have raised some eye opening questions and I'd like to summarize these points to you all. Remember that asking questions improves all of our overall understanding of this very complex topic.
|
||||
|
||||
Who is the buyer?: It has come to my attention that the consensus here is there are two scenarios for our buyer out of PHLX. This is either a rich whale (either a HF or individual) with some very deep pockets.(You don't go all-in with the only $162.5 million you have). This would be them opening a new position. The other scenario is that this is a HF preparing to cover their position. This could be them guaranteeing the rights to 1.45 million shares at a set price. Lets keep in mind though that this could be a drop in the bucket if there are truly hundreds of millions of shares that need to be covered. Buying these deep in the money calls could theoretically offload some of the risk of the HF's onto the market makers and exchanges. While this is may be a transference of risk someone will be ultimately holding the bag. This process of buying deep ITM calls to cover a short position when shares are otherwise unavailable has been called into question whether it should be legal.
|
||||
|
||||
Additional Info on ITM calls: With typical calls that are At-The-Money or Out-Of-The money you would almost never want to exercise early do to the loss of theta value (time remaining x volatility). With these extremely deep In-The-Money calls there is almost no theta component to these prices. We can delve into why this is in the comments but in a nutshell its because you are already putting so much up front that you basically are already are paying for the appropriate amount of risk. What I'm getting at here is that although these options are dated for 4/16/21 they can be exercised earlier at any time and it would be at no loss to the owners of these options.
|
||||
|
||||
Good evening Lady Apes and GMEtlemen,
|
||||
|
||||
UPDATE 3/4: 3:28pm 2,500 more calls purchased out of the PHLX exchange totaling 31.12 million
|
||||
|
||||
<https://imgur.com/a/zPNFMi9>
|
||||
|
||||
Good afternoon my fellow tendiemen,
|
||||
|
||||
I bring fantastic news to all the bagholding crayon eaters on this sub. This post is an update to the original post by [u/tapakip](https://www.reddit.com/u/tapakip/).
|
||||
|
||||
(3/1) Monday someone out of the PHLX exchange (Philadelphia) purchased roughly $45MM worth of deep ITM calls ($12 and $15 strike) <https://imgur.com/a/8ZCd3b9> = 3415 calls
|
||||
|
||||
(3/2) Tuesday same exchange another $20 million in deep ITM calls <https://imgur.com/gallery/Qp2phEm> = 1800 calls
|
||||
|
||||
(3/3) Wednesday another massive purchase of deep ITM calls from PHLX $45 million expiring 4/16/21
|
||||
|
||||
<https://imgur.com/gallery/Z05Vqmg> = 4210 calls
|
||||
|
||||
In total here we are looking at a purchase of roughly 9425 calls from what we believe is the same buyer over the course of the last 3 days. Unfortunately I do not have access to the historical data to see if the same buyer had bought more previously. Regardless this gives the buyer the rights to buy 942,500 shares by April 16 (presuming these options expire ITM). This is just one of the many factors setting up a potential gamma squeeze.
|
||||
|
||||
Something to note: These deep ITM calls are much different than someone buying $800 strike OTM yolo plays. Rather than spending the bulk of the money on theta (time value x volatility premium) the buyer chose to purchase a much more physical asset (the Intrinsic value of the deep ITM calls). This isn't someone saying I think this stock will reach some astronomical price, this is an individuals confidence to make a 100MM investment basically into the stock of this company. If this isn't a bullish sign then idk what is.
|
||||
|
||||
We are in good hands now APES
|
||||
|
||||
TL;DR: one buyer bought $162.5 million of calls on gamestop the last 4 days. Probably good for us
|
||||
|
||||
P.S. if I'm right my wife's boyfriend says I get to make him dinner
|
||||
|
||||
🙌💎 DIAMOND HANDS 🙌💎
|
||||
|
||||
Not a financial advisor blah blah you know the deal
|
@ -0,0 +1,83 @@
|
||||
UPDATE (3/8): $84 MILLION IN CALLS IN LAST HOUR; 246.5M SINCE LAST MONDAY
|
||||
=========================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/m0pvlc/update_38_84_million_in_calls_in_last_hour_2465m/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
|
||||
|
||||
New Post is UP 3/9: <https://www.reddit.com/r/GME/comments/m1hejz/quick_update_additional_40_million_deep_itm_calls/>
|
||||
|
||||
My fellow crayon eaters,
|
||||
|
||||
Update 3/8(3): 3:50pm 1800 more calls from PHLX (1200 $12c 4/16/21 and 600 $15c 4/16/21)(underlying share price - $196.71) for $33 million
|
||||
|
||||
<https://imgur.com/gallery/uHnjFPp>
|
||||
|
||||
Update 3/8(2): 3:34pm 1800 more calls from PHLX (1200 $12c 4/16/21 and 600 $15c 4/16/21)(underlying share price - $188.76) for $31.8 million
|
||||
|
||||
<https://imgur.com/gallery/5Seid1k>
|
||||
|
||||
Update 3/8: 2:58pm an additional 1100 calls from PHLX (4/16/21) $12 call for $19.1 million (underlying share price - $185)
|
||||
|
||||
This brings daily total to $84 million in calls and the overall total $246.5 million and 19,200 calls from PHLX since last Monday. (This is the rights to 1.92 million shares)
|
||||
|
||||
Another APE made a solid case for why they think this may be Shitadel and Melvin:
|
||||
|
||||
<https://www.reddit.com/r/GME/comments/m05jed/mystery_solved_the_deep_itm_calls_are_coming_from/>
|
||||
|
||||
Hard to say for sure but definitely worth at least a skim.
|
||||
|
||||
Salutations Future 1% Apes,
|
||||
|
||||
NEW DD!
|
||||
|
||||
UPDATE 3/5: 3:16pm an additional 2500 calls purchased from PHLX exchange totaling $31.49 million
|
||||
|
||||
<https://imgur.com/gallery/G4JgzgP>
|
||||
|
||||
Interestingly this is the first we've seen the buyer purchase 3/19/21 calls (400 @ 20c strike)
|
||||
|
||||
Some Additional DD:
|
||||
|
||||
First off, I'd like you to say thank you for all of the overwhelming support the last few days. The response to these posts have been off the charts and many of you have raised some eye opening questions and I'd like to summarize these points to you all. Remember that asking questions improves all of our overall understanding of this very complex topic.
|
||||
|
||||
Who is the buyer?: It has come to my attention that the consensus here is there are two scenarios for our buyer out of PHLX. This is either a rich whale (either a HF or individual) with some very deep pockets.(You don't go all-in with the only $162.5 million you have). This would be them opening a new position. The other scenario is that this is a HF preparing to cover their position. This could be them guaranteeing the rights to 1.45 million shares at a set price. Lets keep in mind though that this could be a drop in the bucket if there are truly hundreds of millions of shares that need to be covered. Buying these deep in the money calls could theoretically offload some of the risk of the HF's onto the market makers and exchanges. While this is may be a transference of risk, someone will be ultimately holding the bag. This process of buying deep ITM calls to cover a short position when shares are otherwise unavailable has been called into question whether it should be legal.
|
||||
|
||||
Additional Info on ITM calls: With typical calls that are At-The-Money or Out-Of-The money you would almost never want to exercise early do to the loss of theta value (time remaining x volatility). With these extremely deep In-The-Money calls there is almost no theta component to these prices. We can delve into why this is in the comments but in a nutshell its because you are already putting so much up front that you basically are already are paying for the appropriate amount of risk. What I'm getting at here is that although these options are dated for 4/16/21 they can be exercised earlier at any time and it would be at no loss to the owners of these options.
|
||||
|
||||
Good evening Lady Apes and GMEtlemen,
|
||||
|
||||
UPDATE 3/4: 3:28pm 2,500 more calls purchased out of the PHLX exchange totaling 31.12 million
|
||||
|
||||
<https://imgur.com/a/zPNFMi9>
|
||||
|
||||
Good afternoon my fellow tendiemen,
|
||||
|
||||
I bring fantastic news to all the bagholding crayon eaters on this sub. This post is an update to the original post by [u/tapakip](https://www.reddit.com/u/tapakip/).
|
||||
|
||||
(3/1) Monday someone out of the PHLX exchange (Philadelphia) purchased roughly $45MM worth of deep ITM calls ($12 and $15 strike) <https://imgur.com/a/8ZCd3b9> = 3415 calls
|
||||
|
||||
(3/2) Tuesday same exchange another $20 million in deep ITM calls <https://imgur.com/gallery/Qp2phEm> = 1800 calls
|
||||
|
||||
(3/3) Wednesday another massive purchase of deep ITM calls from PHLX $45 million expiring 4/16/21
|
||||
|
||||
<https://imgur.com/gallery/Z05Vqmg> = 4210 calls
|
||||
|
||||
In total here we are looking at a purchase of roughly 9425 calls from what we believe is the same buyer over the course of the last 3 days. Unfortunately I do not have access to the historical data to see if the same buyer had bought more previously. Regardless this gives the buyer the rights to buy 942,500 shares by April 16 (presuming these options expire ITM). This is just one of the many factors setting up a potential gamma squeeze.
|
||||
|
||||
Something to note: These deep ITM calls are much different than someone buying $800 strike OTM yolo plays. Rather than spending the bulk of the money on theta (time value x volatility premium) the buyer chose to purchase a much more physical asset (the Intrinsic value of the deep ITM calls). This isn't someone saying I think this stock will reach some astronomical price, this is an individuals confidence to make a 100MM investment basically into the stock of this company. If this isn't a bullish sign then idk what is.
|
||||
|
||||
We are in good hands now APES
|
||||
|
||||
TL;DR: one buyer bought $162.5 million of calls on gamestop the last 4 days. Probably good for us
|
||||
|
||||
P.S. if I'm right my wife's boyfriend says I get to make him dinner
|
||||
|
||||
🙌💎 DIAMOND HANDS 🙌💎
|
||||
|
||||
Not a financial advisor blah blah you know the deal
|
@ -0,0 +1,89 @@
|
||||
QUICK UPDATE: ADDITIONAL $40 MILLION DEEP ITM CALLS! TOTAL $286.5 MILLION 21,000 CALLS
|
||||
======================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/m1hejz/quick_update_additional_40_million_deep_itm_calls/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
|
||||
|
||||
Good Evenings Tendielovers,
|
||||
|
||||
Quick Update 3/9: 3:37pm 1800 calls from PHLX (I know starting to sound like broken record)(1200 $12c 4/16/21 and 600 $15c 4/16/21) for $40 million - underlying share price $237.28
|
||||
|
||||
<https://imgur.com/gallery/wzssQ0z>
|
||||
|
||||
Overall total $286.5 million and 21,000 calls from PHLX since last Monday. (This is the rights to 2.1 million shares)
|
||||
|
||||
Things are shaping up quite nicely. Going to be an exciting couple weeks/months going forward!
|
||||
|
||||
My fellow crayon eaters,
|
||||
|
||||
Update 3/8(3): 3:50pm 1800 more calls from PHLX (1200 $12c 4/16/21 and 600 $15c 4/16/21)(underlying share price - $196.71) for $33 million
|
||||
|
||||
<https://imgur.com/gallery/uHnjFPp>
|
||||
|
||||
Update 3/8(2): 3:34pm 1800 more calls from PHLX (1200 $12c 4/16/21 and 600 $15c 4/16/21)(underlying share price - $188.76) for $31.8 million
|
||||
|
||||
<https://imgur.com/gallery/5Seid1k>
|
||||
|
||||
Update 3/8: 2:58pm an additional 1100 calls from PHLX (4/16/21) $12 call for $19.1 million (underlying share price - $185)
|
||||
|
||||
Another APE made a solid case for why they think this may be Shitadel and Melvin:
|
||||
|
||||
<https://www.reddit.com/r/GME/comments/m05jed/mystery_solved_the_deep_itm_calls_are_coming_from/>
|
||||
|
||||
Hard to say for sure but definitely worth at least a skim.
|
||||
|
||||
Salutations Future 1% Apes,
|
||||
|
||||
NEW DD!
|
||||
|
||||
UPDATE 3/5: 3:16pm an additional 2500 calls purchased from PHLX exchange totaling $31.49 million
|
||||
|
||||
<https://imgur.com/gallery/G4JgzgP>
|
||||
|
||||
Interestingly this is the first we've seen the buyer purchase 3/19/21 calls (400 @ 20c strike)
|
||||
|
||||
Some Additional DD:
|
||||
|
||||
First off, I'd like you to say thank you for all of the overwhelming support the last few days. The response to these posts have been off the charts and many of you have raised some eye opening questions and I'd like to summarize these points to you all. Remember that asking questions improves all of our overall understanding of this very complex topic.
|
||||
|
||||
Who is the buyer?: It has come to my attention that the consensus here is there are two scenarios for our buyer out of PHLX. This is either a rich whale (either a HF or individual) with some very deep pockets.(You don't go all-in with the only $162.5 million you have). This would be them opening a new position. The other scenario is that this is a HF preparing to cover their position. This could be them guaranteeing the rights to 1.45 million shares at a set price. Lets keep in mind though that this could be a drop in the bucket if there are truly hundreds of millions of shares that need to be covered. Buying these deep in the money calls could theoretically offload some of the risk of the HF's onto the market makers and exchanges. While this is may be a transference of risk, someone will be ultimately holding the bag. This process of buying deep ITM calls to cover a short position when shares are otherwise unavailable has been called into question whether it should be legal.
|
||||
|
||||
Additional Info on ITM calls: With typical calls that are At-The-Money or Out-Of-The money you would almost never want to exercise early do to the loss of theta value (time remaining x volatility). With these extremely deep In-The-Money calls there is almost no theta component to these prices. We can delve into why this is in the comments but in a nutshell its because you are already putting so much up front that you basically are already are paying for the appropriate amount of risk. What I'm getting at here is that although these options are dated for 4/16/21 they can be exercised earlier at any time and it would be at no loss to the owners of these options.
|
||||
|
||||
Good evening Lady Apes and GMEtlemen,
|
||||
|
||||
UPDATE 3/4: 3:28pm 2,500 more calls purchased out of the PHLX exchange totaling 31.12 million
|
||||
|
||||
<https://imgur.com/a/zPNFMi9>
|
||||
|
||||
Good afternoon my fellow tendiemen,
|
||||
|
||||
I bring fantastic news to all the bagholding crayon eaters on this sub. This post is an update to the original post by [u/tapakip](https://www.reddit.com/u/tapakip/).
|
||||
|
||||
(3/1) Monday someone out of the PHLX exchange (Philadelphia) purchased roughly $45MM worth of deep ITM calls ($12 and $15 strike) <https://imgur.com/a/8ZCd3b9> = 3415 calls
|
||||
|
||||
(3/2) Tuesday same exchange another $20 million in deep ITM calls <https://imgur.com/gallery/Qp2phEm> = 1800 calls
|
||||
|
||||
(3/3) Wednesday another massive purchase of deep ITM calls from PHLX $45 million expiring 4/16/21
|
||||
|
||||
<https://imgur.com/gallery/Z05Vqmg> = 4210 calls
|
||||
|
||||
In total here we are looking at a purchase of roughly 9425 calls from what we believe is the same buyer over the course of the last 3 days. Unfortunately I do not have access to the historical data to see if the same buyer had bought more previously. Regardless this gives the buyer the rights to buy 942,500 shares by April 16 (presuming these options expire ITM). This is just one of the many factors setting up a potential gamma squeeze.
|
||||
|
||||
Something to note: These deep ITM calls are much different than someone buying $800 strike OTM yolo plays. Rather than spending the bulk of the money on theta (time value x volatility premium) the buyer chose to purchase a much more physical asset (the Intrinsic value of the deep ITM calls). This isn't someone saying I think this stock will reach some astronomical price, this is an individuals confidence to make a 100MM investment basically into the stock of this company. If this isn't a bullish sign then idk what is.
|
||||
|
||||
We are in good hands now APES
|
||||
|
||||
TL;DR: one buyer bought $162.5 million of calls on gamestop the last 4 days. Probably good for us
|
||||
|
||||
P.S. if I'm right my wife's boyfriend says I get to make him dinner
|
||||
|
||||
🙌💎 DIAMOND HANDS 🙌💎
|
||||
|
||||
Not a financial advisor blah blah you know the deal
|
@ -0,0 +1,43 @@
|
||||
2-DAY UPDATE: $168 MILLION on 6650 DEEP ITM CALLS; total since 3/1 $436.5 million = 27,650 calls
|
||||
================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/m31f8b/2day_update_168_million_on_6650_deep_itm_calls/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%22&restrict_sr=1)
|
||||
|
||||
What up APES,
|
||||
|
||||
Today we are going to have a 2-day update on DEEP ITM calls because I was too busy to make a post yesterday. Thank you to all who were concerned I was gone but...
|
||||
|
||||
[](https://preview.redd.it/6a05lch4sgm61.jpg?width=500&format=pjpg&auto=webp&s=bd6d8e4e82b8b224075ea44468c7461f43e6e61b)
|
||||
|
||||
3/11: 3:38pm 2150 calls purchased from PHLX for $54 million ($12, $15 and $18 calls) (each contract cost roughly 25k for my smooth brained friends) underlying share price - $261.36
|
||||
|
||||
<https://imgur.com/gallery/nI13Tnt>
|
||||
|
||||
3/10: 3:33-3:57pm 4500 calls bought out of PHLX for $114 million ($12 and $15 calls) underlying share prices - 263.01, 266.51, 269.51
|
||||
|
||||
Edit: Expiration is 4/16/21 on all these calls
|
||||
|
||||
<https://imgur.com/gallery/An4WEiV>
|
||||
|
||||
TL;DR Same buyer from PHLX exchange spent $168 million on 6650 DEEP ITM calls in last 2 days. Running total since 3/1 $436.5 million = 27,650 calls
|
||||
|
||||
If you didn't see my last post on my theory for what caused the mega dip go check it out
|
||||
|
||||
<https://www.reddit.com/r/GME/comments/m276h0/deep_itm_calls_caused_the_mega_dip_new_theory/>
|
||||
|
||||
Something to note: These deep ITM calls are much different than someone buying $800 strike OTM yolo plays. Rather than spending the bulk of the money on theta (time value x volatility premium) the buyer chose to purchase a much more physical asset (the Intrinsic value of the deep ITM calls). This isn't someone saying I think this stock will reach some astronomical price, this is an individuals decision to make a 100MM investment basically into the stock of this company.
|
||||
|
||||
We are in good hands now APES
|
||||
|
||||
Plot twist: my wife's boyfriend left her for me
|
||||
|
||||
🙌💎 DIAMOND HANDS 🙌💎
|
||||
|
||||
Not a financial advisor blah blah you know the deal
|
@ -0,0 +1,23 @@
|
||||
$106M of DEEP ITM calls were purchased on Thursday (4/1/21)
|
||||
===========================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/mk6e2q/106m_of_deep_itm_calls_were_purchased_on_thursday/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 📊](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%20%F0%9F%93%8A%22&restrict_sr=1)
|
||||
|
||||
Happy Easter Apes,
|
||||
|
||||
The folks at PHLX are back at it again with massive DEEP ITM call purchases before close
|
||||
|
||||
[](https://preview.redd.it/kqts0fdcf8r61.jpg?width=1222&format=pjpg&auto=webp&s=f4fc1040a414ebc4e5663647038da913ad1d33c8)
|
||||
|
||||
GME Biggest Trades 4-4-2021
|
||||
|
||||
As you can see from the data above a buyer out of PHLX bought $106 million of these DEEP ITM calls at 1:22pm and 3:29pm totaling 5960 calls at assorted strike prices ($12-20). These is a pretty massive purchase and it is my belief they made be using these to hide FTD's (Failed-to-deliver). These all expire 4/16/2021 leading me to believe the next few weeks we will see heightened volatility as we near the quarter's hottest expiry date (4/16). With some potential major catalysts looming things are definitely getting pretty spicy.
|
||||
|
||||
Today I eat ~~ramen~~ crayons so I will one day eat banana
|
@ -0,0 +1,26 @@
|
||||
NO DEEP ITM CALLS WERE BOUGHT FRIDAY (4/9)
|
||||
|
||||
==========================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mowbw3/no_deep_itm_calls_were_bought_friday_49/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
Hope all of you Apes are having a good weekend,
|
||||
|
||||
Sorry for the delay but the weekend is an excellent time to ~~refresh~~ restock on crayons for the coming week.
|
||||
|
||||
I'm [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) let's get into it:
|
||||
|
||||
As you can see blow there were no large block trades of DEEP ITM calls.
|
||||
|
||||
[](https://preview.redd.it/tp9su9gn5ls61.jpg?width=1219&format=pjpg&auto=webp&s=a5bc654e8ad77a3cd711215cbac416768624b1ef)
|
||||
|
||||
GME Biggest Trades 4-9-2021
|
||||
|
||||
I am unsure if this is the last of these DEEP ITM or we have possibly one more wave of them to expect. Time will tell I'll keep you posted. Refer to my recent posts for more discussion on the topic.
|
@ -0,0 +1,23 @@
|
||||
UPDATE 4/12 (MONDAY) NO LARGE BLOCK TRADES OF DEEP ITM CALLS TODAY
|
||||
==================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mpquk6/update_412_monday_no_large_block_trades_of_deep/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
Good evening Apes I hope this post finds you well,
|
||||
|
||||
I'm your host [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) lets get right into it:
|
||||
|
||||
Wanted to provide you all with an update for today. As you can see below there were no deep in-the-money calls purchased today.
|
||||
|
||||
[](https://preview.redd.it/3mgbwc7d1us61.png?width=1226&format=png&auto=webp&s=c6ea20eb0c904426db05e0407ead39af6ac971af)
|
||||
|
||||
GME Biggest Trades 4-12-2021
|
||||
|
||||
This makes 5 out of the last 6 days with no large block trades of DEEP ITM calls. The one day being a relatively small amount (compared to prior block purchases). Short and sweet today. Hang in there (pun intended)
|
@ -0,0 +1,35 @@
|
||||
ANOTHER DAY WITHOUT LARGE BLOCK PURCHASES OF DEEP ITM CALLS (4/13)
|
||||
==================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mqiir8/another_day_without_large_block_purchases_of_deep/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
Good evening everyone,
|
||||
|
||||
[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) here Just wanted to provide you all with the daily update regarding the block trades of DEEP ITM calls that were previously happening.
|
||||
|
||||
As can be seen below there were no large block trades of DEEP ITM calls bring the total to 6 out of the last 7 days without any large block purchases.
|
||||
|
||||
[](https://preview.redd.it/sfgloyxjs1t61.png?width=1227&format=png&auto=webp&s=2c661aa49ad4ed79158738a3ba492bbd19ccf981)
|
||||
|
||||
GME Biggest Trades 4-13-2021
|
||||
|
||||
I just want to be clear that I'm not here to speculate on what I don't know. I just take the dataset I am presented daily and provide my best inferences to the good people of this sub. Nothing here should be taken as fact it is purely my opinion and mine alone. With that being said I think the lack of large block trades of DEEP ITM calls is very telling.
|
||||
|
||||
Many have been quick to point out that this doesn't mean there are no DEEP ITM calls being purchased. This is of course true as the "Big Trade Detector" doesn't catch any trades smaller than 100-200 contracts. But let's delve into this more. If they could be making these trades in smaller chunks "off the radar" of things like this Biggest Options trades list from Fidelity why aren't they?
|
||||
|
||||
For starters lets talk about risk. These large block trades of DEEP ITM calls were almost always traded in pairs. It has been surmised from some other DD posts that it is very likely that this the whoever buying and then shortly after reselling. Let's take a look at the time period over which these trades took place.
|
||||
|
||||
[](https://preview.redd.it/e0tyatsny1t61.jpg?width=1222&format=pjpg&auto=webp&s=04c94f073c9d3cc4fd00f1fb6f593b50f86dc86a)
|
||||
|
||||
GME Biggest Options Trades 4-4-2021
|
||||
|
||||
The $20 and $12 calls were very likely purchased 13:22:50 and likely sold at 13:22:52 (aka 2 seconds later). Personally I have no idea of the intricacies of how these are used to reset FTD's and I'm not going to sit here and pretend to understand. What I do know is that if I was buying and reselling 100's of millions of dollars of call options on a very volatile stock I would be trying to unload these positions are quickly as possible to minimize my risk exposure. The most efficient way to do this of course is buying and selling these quickly in one large chunk and ended up on our favorite daily chart pictured above. Now you may notice that on the other set of $12 and $15 calls (probably) purchased at 13:58:05 but (likely) sold at 15:29:24. The reason for why they held them this long you may ask; I don't have a goddamn clue. I don't know if this had to do with the reset process, if they used it to further manipulate the stock, or if they just decided to be gamblers for an hour and a half. What I do know is they would've hidden these from us the whole time if they had the ability to. The disappearance of these large block trades is significant and if they are to proceed without them, this will negatively impact them in some way.
|
||||
|
||||
[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) out.
|
@ -0,0 +1,27 @@
|
||||
2160 DEEP ITM CALLS WERE PURCHASED IN LARGE BLOCK TRADES FROM PHLX TODAY (4/14)
|
||||
===============================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mr4ykn/2160_deep_itm_calls_were_purchased_in_large_block/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
What up Apes,
|
||||
|
||||
[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) you know the deal.
|
||||
|
||||
[](https://preview.redd.it/ijmqmhz0s8t61.png?width=1224&format=png&auto=webp&s=78c68ecdecde5e0152121b291eb3ff9fd80f111d)
|
||||
|
||||
GME Biggest Trades 4-14-2021
|
||||
|
||||
Large block purchases out of PHLX at 3:18pm (yeah I can do the conversion). 1160 $1.5 calls for 158.70($15,870 each) = $18,409,200. 500 $12 calls for 148.20 ($14820) = $7,410,000. 500 $25 calls for 135.20 ($13520) = 6,760,000 totaling $32,579,000 all of these calls expiring in two days 4/16/21.
|
||||
|
||||
Could this be the start of the (potential) last wave of DEEP ITM calls as we had previously discussed [here](https://www.reddit.com/r/GME/comments/mmjy19/some_deep_itm_calls_were_bought_today_the_final/). Another interesting thing to note is that these were very frequently traded in pairs previously and so it had been theorized that these were being bought and sold. The ones bought today were not in pairs and so we can narrow it down to three potential options(HA). If they were bought and sold in the same second the size of the trades could be halved and it could essential be its own "pair." This also only captures the data for large trades and so if they were sold in smaller bunches I wouldn't be able to see it. Lastly they could still be holding them.
|
||||
|
||||
We shall see if there is more of this tomorrow. As always I will keep you posted.
|
||||
|
||||
A far-fetched theory (right?) : I always kind of assumed these calls were being bought but the data set I have doesn't really indicate buy or sell. This is why I have to make some assumptions when it comes to thinking they are often traded in pairs. What if the whole time they were selling them and collecting the premiums. this would go against some of the FTD resetting theories so this is of course just an idea I had but it just caught me off guard as I had never considered it.
|
@ -0,0 +1,21 @@
|
||||
NO BLOCK TRADES OF DEEP ITM CALLS TODAY (4/15)
|
||||
==============================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mrr8zv/no_block_trades_of_deep_itm_calls_today_415/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
What up Apes,
|
||||
|
||||
[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) with a super quick update. No additional DD tonight giving myself the night off. Here's todays biggest options trades from Fidelity.
|
||||
|
||||
[](https://preview.redd.it/l5i0xjv5dft61.jpg?width=1223&format=pjpg&auto=webp&s=77357f26df390db3d8e7782c70c6539faf793eee)
|
||||
|
||||
GME Biggest Trades 4-15-2021
|
||||
|
||||
See you all tomorrow! Starting to think my wife's boyfriend might be into women.
|
@ -0,0 +1,23 @@
|
||||
NO BLOCK TRADES OF DEEP ITM CALLS ON FRIDAY (4/16)
|
||||
==================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mtpyfw/no_block_trades_of_deep_itm_calls_on_friday_416/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
Hope you all had a great weekend,
|
||||
|
||||
I'm [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) lets get right into it.
|
||||
|
||||
[](https://preview.redd.it/5pe0ciat51u61.png?width=1230&format=png&auto=webp&s=d9beb8b788aa7b6d97d449d72360e120ee5c306e)
|
||||
|
||||
GME Biggest Trades 4-18-2021
|
||||
|
||||
As you can see from the image above there were no large block trades of DEEP ITM calls. I think this is likely a result of this being the expiration date of the DEEP ITM calls that were being traded. If you look back at my prior posts you can see that almost every large block trade of DEEP ITM calls were dated for 4/16/21. Seeing as they would be extra volatile on their last day it would make sense why Hedgies wouldn't want to trade them (although DEEP ITM calls have very little theta a.k.a. time value decay). I will be curious to see if these start up again with an expiration on the next large quarterly options date (something like 7/16/21) or if these will disappear entirely. As always I will keep you posted. See you tomorrow.
|
||||
|
||||
I may need to invest in Crayola at the end of all this. My Red addiction is getting the best of me.
|
@ -0,0 +1,25 @@
|
||||
NO DEEP ITM CALLS PURCHASED IN LARGE QUANTITIES TODAY (4/19)
|
||||
============================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mueq2m/no_deep_itm_calls_purchased_in_large_quantities/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
Good evening Apes,
|
||||
|
||||
[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) here. Hope everyone had a great Monday as I know I did. The weekends feel like an eternity when you're waiting for the market to open. What a weird world we live in where on the weekend I look forward to Monday. What is wrong with me? Besides the fact that I eat crayons and sleep in my wife's boyfriends Honda Civic. Enough chit-chat let's get into the data.
|
||||
|
||||
[](https://preview.redd.it/7d36bp1t38u61.jpg?width=1222&format=pjpg&auto=webp&s=51decc9d6190708a6d7ca15d5d323b3f19841d54)
|
||||
|
||||
GME Biggest Trades 4-19-2021
|
||||
|
||||
As you can see from the image above there were no large block purchases of DEEP ITM calls. Nothing really important to note in the options activity (on the Biggest Trades list) as the largest transaction looked to be some $190 calls that traded for less than $1 million. Pocket change compared to the tens of millions we saw in purchases previously. As always I will continue to monitor this on-going situation and keep you posted.
|
||||
|
||||
It will be interesting to see if FTD's begin to pile up as we have seen a fairly low amount of these DEEP ITM calls in the recent days. Unfortunately our access to this data is delayed (I believe 2 weeks) and so we will be in the dark on this to some extent. I don't know about you guys but I've reached this Zen phase of "inevitably we will be rich, I don't really care when it happens."
|
||||
|
||||
[](https://preview.redd.it/38ppypow48u61.png?width=571&format=png&auto=webp&s=c7068e45be91ac8862b2158283076aa8b01e64df)
|
@ -0,0 +1,44 @@
|
||||
NO DEEP ITM CALL BLOCKS PURCHASED TODAY (4/21)
|
||||
|
||||
==============================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mvv0t9/no_deep_itm_call_blocks_purchased_today_421/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
What up Apes,
|
||||
|
||||
[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) with a quick update on today's DEEP ITM calls.
|
||||
|
||||
[](https://preview.redd.it/0rve0srysmu61.png?width=1226&format=png&auto=webp&s=e12f5155f7ecc8bc1d7e2963ba12eef3863c2e63)
|
||||
|
||||
GME Biggest Options Trades 4/21/2021
|
||||
|
||||
There weren't any. (Large purchases)
|
||||
|
||||
Nothing really new on this front so I wanted to take this time explain a bit more into how these DEEP ITM calls were being used to "hide" FTD's(Failed-to deliver).
|
||||
|
||||
I personally was not the best when it came to explaining this but an ape with more wrinkles than I summed it up beautifully. BIG shoutout [u/ujar89](https://www.reddit.com/u/ujar89/) for this one:
|
||||
|
||||
Here is the process they use to reset/hide FTDs. Please keep in mind Citadel is also a market maker. (Yes I know, conflict of interest). 'A' can be Citadel and 'B' can be Melvin in this example.
|
||||
|
||||
1\. A (the market maker) gives B X amount of synthetic shares (remember only market makers have this power). B gives A collateral so A doesn't get screwed (the collateral is basically the premium A pays to purchase the contracts from B).
|
||||
|
||||
2\. B uses those synthetic shares to close out existing FTD positions.
|
||||
|
||||
3\. B writes deep ITM calls (so A knows it's B).
|
||||
|
||||
4\. A buys the calls and exercises them receiving X shares back as IOUs.
|
||||
|
||||
5\. Now B has effectively closed out old FTDs while creating fresh new IOUs that will become FTDs in due time.
|
||||
|
||||
6\. Repeat as needed to avoid reporting FTDs and pretend like you covered.
|
||||
|
||||
I hope this helped cleared up the inner workings of the process for some of you.
|
||||
|
||||
See you all tomorrow
|
@ -0,0 +1,19 @@
|
||||
NO ITM CALL BLOCK PURCHASES TODAY (4/22)
|
||||
========================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mwm16e/no_itm_call_block_purchases_today_422/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
Late post but wanted to get the data out from your friendly neighborhood [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/)
|
||||
|
||||
[](https://preview.redd.it/4qbmj7m5auu61.png?width=1226&format=png&auto=webp&s=8b7df47ee1e8fe4e38c3e720f0b39dc69a0d3341)
|
||||
|
||||
GME Biggest Options Trades 4/22/2021 (from Fidelity)
|
||||
|
||||
Brings the running total to 12 out of the last 14 trading days without large purchases that registered on the charts. I haven't heard a thing out of PHLX either but what do I know I've got crayons wedged in my ears. See you tomorrow
|
@ -0,0 +1,23 @@
|
||||
NO DEEP ITM CALL BLOCKS TRADED TODAY (4/27)
|
||||
===========================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n04v84/no_deep_itm_call_blocks_traded_today_427/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
Good Evening Apes and Apettes,
|
||||
|
||||
Gonna keep it short and sweet tonight my wife's boyfriend says I get 10 minutes on the computer.
|
||||
|
||||
No GME Block trades of DEEP ITM calls today (data below)
|
||||
|
||||
[](https://preview.redd.it/7ze44se0stv61.jpg?width=1228&format=pjpg&auto=webp&s=b5b198bac5b0355b383fc48b07edcc6927d7fe21)
|
||||
|
||||
GME Biggest Options Trades 4/27/21
|
||||
|
||||
Just a quick update for everyone to log the data in an easily accessible place. Feel free to reference my prior posts for a deeper explanation if you haven't been following along. I wish you all a crown of crayons someday. Until then, I'm [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) see you tomorrow.
|
@ -0,0 +1,23 @@
|
||||
NO LARGE PURCHASES OF DEEP ITM CALLS TODAY (4/28)
|
||||
=================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n0u360/no_large_purchases_of_deep_itm_calls_today_428/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) DEEP ITM calls you know what it is.
|
||||
|
||||
Were there any large purchases? No
|
||||
|
||||

|
||||
|
||||
[GME Biggest Options Trades 4/28/21](https://preview.redd.it/otxd0ghen0w61.png?width=1223&format=png&auto=webp&s=edf36746144054f0251f435f5291353fbbe982da)
|
||||
|
||||
Since there's no new news on the DEEP ITM call front (which is always good news). I wanted to take this time to give a shoutout to my fellow ape [u/YoungbloodAA](https://www.reddit.com/user/YoungbloodAA/) for the kickass background. My setup wasn't truly complete until now.
|
||||
|
||||
[Disclaimer: I did not pay for this setup with GME stock because that would require me to have ever sold a share](https://preview.redd.it/kbmp96lzo0w61.jpg?width=3818&format=pjpg&auto=webp&s=540511231bf94874a88b3e04d0a0d70e06dd5e76)
|
@ -0,0 +1,21 @@
|
||||
DEEP ITM CALLS - NO LARGE PURCHASES (4/29)
|
||||
==========================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n1hd5z/deep_itm_calls_no_large_purchases_429/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
Good evening Apes,
|
||||
|
||||
[u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) with the quick update for everyone: no large block purchases of DEEP ITM calls today (4/29)
|
||||
|
||||
[](https://preview.redd.it/gd0arpdo47w61.jpg?width=1220&format=pjpg&auto=webp&s=7c530b5f28750288cb5542c4b3829df821955d3e)
|
||||
|
||||
GME Biggest Options Trades 4/29/21
|
||||
|
||||
Idk about you guys but I loved that AMA today; so informative and feel like [u/Atobitt](https://www.reddit.com/u/Atobitt/) was able to really steer the conversation well and keep us on topic. I know I learned a lot and hope you all took something away from it as well. Those are valuable insights! See ya tomorrow
|
@ -0,0 +1,25 @@
|
||||
$23 MILLION IN DEEP ITM PUTS PURCHASED IN LARGE BLOCKS ON FRIDAY (4/30) OUT OF CBOE (CHICAGO) AND EMLD (MIAMI) EXCHANGES
|
||||
========================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/GME/comments/n3fgt1/23_million_in_deep_itm_puts_purchased_in_large/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[🔬 DD 📊](https://www.reddit.com/r/GME/search?q=flair_name%3A%22%F0%9F%94%AC%20DD%20%F0%9F%93%8A%22&restrict_sr=1)
|
||||
|
||||
Happy Sunday Apes,
|
||||
|
||||
It's your friendly neighborhood [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/). Friday was a spicy day on the options front. Let's get right into it:
|
||||
|
||||
[](https://preview.redd.it/3vl4xbhzqrw61.png?width=1227&format=png&auto=webp&s=d4b5046213e48ee451f8fd84ccf0d341840d3e40)
|
||||
|
||||
GME Biggest Options Trades 4/30/21
|
||||
|
||||
As you can see from the data above there were several large block trades of DEEP ITM Puts which can effectively be used in the same way we had seen the DEEP ITM calls used. On Friday there were 858 trades (in blocks) of the 4/30 $300 Puts for $10,215,018. Additionally there was 1,058 trades of the 5/21 $300 Puts for $13,161,978. All of these trades came out of the EMLD (Miami) and CBOE (Chicago) exchanges.
|
||||
|
||||
These purchases are relatively in line with the size of purchases we began to see at the beginning of April and so I will continue into monitor early next week to see if these continue to appear in mass. It is interesting to see these exchanges pop up on the Biggest Options Trades lists as I had not previously seen them buying DEEP ITM calls on here. I wonder what other viable options they had for resetting FTD's and if any of the new DTCC rules and causing them to resort to buying these DEEP ITM CALLS AND PUTS.
|
||||
|
||||
TL;DR: Read the title.💎🙌
|
@ -0,0 +1,21 @@
|
||||
NO DEEP ITM CALLS OR PUTS TODAY (5/6)
|
||||
=====================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n6op3b/no_deep_itm_calls_or_puts_today_56/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
Quick update for my Apes:
|
||||
|
||||
No DEEP ITM Calls or Puts were purchased in large block trades today.
|
||||
|
||||
[](https://preview.redd.it/yi3mfksr4mx61.png?width=1219&format=png&auto=webp&s=dfa1f7dde677de86616639fd1fca4bbd8dd04ab6)
|
||||
|
||||
GME Biggest Options Trades 5/6/21
|
||||
|
||||
There's been a rather significant reduction in the frequency at which we are seeing these large block purchases. Time will tell the true impact this is having on the FTD's. Keeping it short as there's not much to report on this front. [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) out 💎🙌 🚀
|
@ -0,0 +1,33 @@
|
||||
A COUPLE DEEP ITM PUTS AND LOTS OF OTM CALLS WERE BOUGHT OVER THE LAST 3 MARKET DAYS (5/7-FRIDAY, 5/11-MONDAY, 5/12-TUESDAY)
|
||||
============================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nafcuh/a_couple_deep_itm_puts_and_lots_of_otm_calls_were/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
Good evening Apes,
|
||||
|
||||
Sorry for the lack of posts lately but sometimes life gets in the way. Fortunately I still managed to find time to save the data from each market day. With that said let's get into it.
|
||||
|
||||
[](https://preview.redd.it/ng46piilwly61.png?width=1229&format=png&auto=webp&s=fa9a79515f490283fabd71060d362cc37d546111)
|
||||
|
||||
GME Biggest Options Trades 5/7/21
|
||||
|
||||
Friday is where we basically saw all of the action. There were block purchases of 684 $300 puts for $9,435,780 with expirations 5/7(same day) and 6/18 out of EMLD (Miami). The other super interesting action can be found within the $800 calls purchased in mass quantities (~5063 calls) expiring July 16. These trades total somewhere in the neighborhood of $1.5 million and came out of BZX (Chicago) and GEMX (regional exchange for Africa, Latin America, and Southeast Asia). Quick crayon break and we'll move on.
|
||||
|
||||
[](https://preview.redd.it/it074z1jyly61.png?width=1016&format=png&auto=webp&s=0dd1a76bfe824fb1a3dbd678559692c3697c196d)
|
||||
|
||||
GME Biggest Options Trades 5/10/21
|
||||
|
||||
Nothing really of note on Monday a relatively quiet day on the options front.
|
||||
|
||||
[](https://preview.redd.it/henpfgxkyly61.png?width=1174&format=png&auto=webp&s=dbe1c6a84feb7370a83b1d313f77e9cd56fd1b2e)
|
||||
|
||||
GME Biggest Options Trades 5/11/21
|
||||
|
||||
Today (tuesday) was another seemingly calm day in terms of options although we saw a bit more activity with the $800 OTM calls with roughly 346 purchased in large block trades out of BZX and PEARL with the same July 16 expiration date. Let's keep in mind these $800 DEEP OTM calls are very cheap but they still have a cost. Not sure if these are being used as a bullish bet, as a hedge, or if somehow this all ties back to the FTD resets. Not my job to sit here and speculate, I am just a smooth-brained crayon eating ape that's here to bring you the data. Hopefully will be seeing you again tomorrow. [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) out.
|
@ -0,0 +1,23 @@
|
||||
NO SIGNIFICANT TRADES OF DEEP ITM CALL OR PUT OPTIONS (5/12)
|
||||
============================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nb35if/no_significant_trades_of_deep_itm_call_or_put/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
Good Afternoon Apes,
|
||||
|
||||
Quick update from [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) for all my data loving, crayon munching, smooth-brained apes. (data below)
|
||||
|
||||
[](https://preview.redd.it/wylpkbw81sy61.png?width=934&format=png&auto=webp&s=2323af3dbc309ac0a3ba5ebe5bbb2a62d1a71232)
|
||||
|
||||
GME Biggest Options Trades 5/12/21
|
||||
|
||||
As you can see from the data above there was very little significant action on the options chain today. I say it that way because we did have one transaction of about 100 DEEP ITM $250 puts but this is rather insignificant in comparison to the bulk we usually see these block trades come in. I will continue to monitor for more DEEP ITM & OTM options later this week. Keeping it brief today hope you all enjoy the rest of your day.
|
||||
|
||||
[](https://preview.redd.it/jb2oert42sy61.jpg?width=888&format=pjpg&auto=webp&s=ccdc036780abdd2b6b40ab41bbb59b7cc469e8e0)
|
@ -0,0 +1,41 @@
|
||||
NO DEEP ITM CALLS HAVE BEEN PURCHASED ALL WEEK LONG: THE RETURN OF DAN_BREN (5/24-5/27)
|
||||
=======================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Dan_Bren](https://www.reddit.com/user/Dan_Bren/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nmozvh/no_deep_itm_calls_have_been_purchased_all_week/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
What up Apes,
|
||||
|
||||
Its good to be back. I have about 2 weeks of data to share with you all but for this post we're going to just cover this week. What a week we've had so far and its not over yet! Let's get right into the data:
|
||||
|
||||
[](https://preview.redd.it/4hsi872r7s171.png?width=1133&format=png&auto=webp&s=1142cfb61b3572d218b1417466f1820560a91aa3)
|
||||
|
||||
Monday GME Biggest Options Trades 5/24/21
|
||||
|
||||
No DEEP ITM Call options on Monday but some interesting action with some (potentially bullish) DEEP OTM calls.
|
||||
|
||||
[](https://preview.redd.it/pkenv32r7s171.png?width=1134&format=png&auto=webp&s=9cb1f4dccd309877dea83a22b71d7beba5336b1c)
|
||||
|
||||
Tuesday GME Biggest Options Trades 5/25/21
|
||||
|
||||
Once again no DEEP ITM call options but some more action on both the $800 call (which we saw on Monday) and the $370 call. We shall see if these become resistance levels in the future.
|
||||
|
||||
[](https://preview.redd.it/furlx42r7s171.png?width=1132&format=png&auto=webp&s=ba094b238fd930926032260977e76d9126d091a9)
|
||||
|
||||
Wednesday GME Biggest Options Trades 5/26/21
|
||||
|
||||
Quite a bit a of action with both DEEP OTM Puts and Calls being purchased in mass quantities but no large purchases of DEEP ITM Calls.
|
||||
|
||||
[](https://preview.redd.it/gxy6o42r7s171.png?width=1134&format=png&auto=webp&s=0bbe8737e338395ef668c7e6895af6626414168b)
|
||||
|
||||
Thursday GME Biggest Options Trades 5/27/21
|
||||
|
||||
Today contained one large block purchases of ITM calls but I wouldn't completely consider this a DEEP ITM calls like we saw with the $12 and $15 calls in the past. This was a purchase (or sale) of 200 of the $130 call. Other than this a pretty uneventful day in terms of large block purchases of options.
|
||||
|
||||
I won't keep you all any longer. Its an honor to be back and appreciate all the kind apes who reached out to check in on me. The community around here is what makes this place special. I hope you all have a great rest of your night. [u/Dan_Bren](https://www.reddit.com/u/Dan_Bren/) out.
|
@ -0,0 +1,53 @@
|
||||
Gamma Signals Firing Again!!
|
||||
============================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/yelyah2](https://www.reddit.com/user/yelyah2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nqwtms/gamma_signals_firing_again/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
TLDR: It's baaaacckkk!!! The signals are firing up again for another gamma squeeze!
|
||||
|
||||
*BIG Edit:* So excited to see how much this took off in the last few hours! I didn't properly get the chance before, but I'll tell you now why I'm so excited...
|
||||
|
||||
As you can see, for the last few months I've been anxiously pulling my options data/running my algos every day, and disappointed when I haven't seen that gamma spike since the beginning of March. I've seen other tickers get their spikes, watched AMC's spike for like 2 weeks straight, but no GME....
|
||||
|
||||
Then finally last week there was a spike! And I couldn't wait to tell everyone! But it quickly went away, then the three day weekend happened, and was like... was it just a fluke?
|
||||
|
||||
Then today, [u/Criand](https://www.reddit.com/u/Criand/) wrote an epic post that put some pieces together with my gamma spikes and the FTD cycles. I ran my algos between meetings this afternoon, and there she was, that beautiful golden spike came back! I couldn't wait to run onto the internet to tell all my friends! Cause lord knows my husband doesn't get excited about this stuff! And my two young kiddos were having some kind of crisis about cheese (understandable though).
|
||||
|
||||
Anyways, it wasn't a fluke, these spikes cluster together for the big ones. I'm excited.... I'm jacked.... I can feel it.... I have a hard time understanding all the dd, but I understand this work that I've poured a lot of myself into, and it's telling me our chances of that MOASS just went up by a lot... like a lot....
|
||||
|
||||
I have backtested my method using various machine learning/deep learning methods, and the chances of significant increases (5%+) with one of these spikes is around 70%, and goes up to ~80% with multiple spikes. Chances of big increases (10%+) are around 50%, and in GME's case... well... it likes to go BOOM!
|
||||
|
||||
I don't put all my faith into these machine learning methods though, probably the nature of an actuary. Machines get you half way, and you have to read the numbers to make calls for yourself. My machines are telling me the conditions are ready.... the other dd is telling me we're ready... and most importantly for every individual ape to feel for themselves, my gut is telling me we're FUK'ING READY!!! LET'S GOOOOOO!!!!!!
|
||||
|
||||
Original Post
|
||||
|
||||
So excited to share that another gamma neutral spike started today, up to $9,233 (up from the $7,387 spike last week)!
|
||||
|
||||
See this post from today by [u/Criand](https://www.reddit.com/u/Criand/) about the interesting relationship between the T+21/T+35 cycle, the gamma neutral spikes and the fuk'd level of hedgies: [Gamma Spike and T+21/T+35 Cycles](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/)
|
||||
|
||||
Graph below in log base 10 so you can see this beauty:
|
||||
|
||||
[](https://preview.redd.it/3as9umpc5x271.png?width=910&format=png&auto=webp&s=3829e979f085bac25fb0b00992d14d45e4fc5505)
|
||||
|
||||
GME 1/4/2021 - 6/2/2021, Log Base 10 Scale
|
||||
|
||||
In the middle of work, but too excited not to send this out. I can comment more later, but yesssssssss gammmmmaaaa!!!!!
|
||||
|
||||
copy/paste explanations from prior posts below for more explanation:
|
||||
|
||||
My work is built on the idea that the market is largely unpredictable, but one particular kind of behavior is certain - hedgies like to hedge. It's written into their algorithms. Specifically, they like to delta hedge and gamma hedge. This work tries to profit on this one particular type of buying/selling behavior. I have a little data dictionary at the bottom if you need a refresher on terminology.
|
||||
|
||||
- Delta Neutral: price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like a theoretical floor (although the price can go lower, as seen in February). My theory is that as the underlying approaches the delta neutral, call options go on sale. As people buy call options, MM have to buy the stocks which increases the price. Most stocks like to hang out above the delta neutral, some dip below and create pressure that can shoot them back over the delta neutral (like what happened in February), and some like to hang out below (like the VIX).
|
||||
|
||||
- Gamma Neutral: price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most plan (like we have seen with GME since April). It also goes crazy in periods of high volatility (as you can see by the infinite spikes).
|
||||
|
||||
- Max Pain: price that creates largest loss for option buyers and largest gain for option sellers. This is a controversial topic because underlying prices can drift towards this point. There are typically large areas around the max pain that doesn't make a lot of difference to the profits for option buyer/sellers. It can be used to help gauge where the equilibrium of the options data is, but there is often a wide range around this price point that does not meaningfully affect MM profits.
|
||||
|
||||
Disclaimer: I'm just an actuary that likes to play with options data and builds models to trade for a hobby. I have no experience trading professionally or offering any advice to anyone. Nothing is certain in trading. It's all probabilities and what increases/decreases your chance at a profit. This is just one indicator for one type of price movement, and there are many other indicators that can help you make investment decisions.
|
@ -0,0 +1,101 @@
|
||||
Gamma Bombs All Over the Market Today!
|
||||
======================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/yelyah2](https://www.reddit.com/user/yelyah2/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nrwp82/gamma_bombs_all_over_the_market_today/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Education 👨🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
|
||||
|
||||
TLDR: Gamma spikes were firing all over the market today like little bombs, all while the market was tanking... The GME gamma spike from yesterday came back down, but we have a lot to look forward to! Not much reading. Lots of pretty graphs to look at!
|
||||
|
||||
Before I dig in... I just have to give a big thank you to this community. This is really special place, filled with the best people, and I'm really proud to be a part of it and contribute however I can.
|
||||
|
||||
*Chart Update*
|
||||
|
||||
Here's a follow-up to my post from yesterday: [Gamma Signals Firing Again](https://www.reddit.com/r/Superstonk/comments/nqwtms/gamma_signals_firing_again/)
|
||||
|
||||
I expanded the GME chart below to further back to 11/2/2020, so you can see more of the spikes as GME starts to move up, and you can see what I mean when I say they start coming in clusters.
|
||||
|
||||
[](https://preview.redd.it/hg45aqzr46371.png?width=910&format=png&auto=webp&s=54a5121e3391051e3f800512cc9f56dfcaecd2a2)
|
||||
|
||||
GME Log Base 10 Scale, 11/2/2020 - 6/3/2021
|
||||
|
||||
I didn't share this with you yesterday, because I didn't want to distract from GME, but yesterday there were gamma neutral spikes happening all over the market, like little bombs going off. I shared these with [u/Criand](https://www.reddit.com/u/Criand/) last night, and we were wondering if the recent wind-down rules coming into effect was starting a little chain reaction. Then today, the whole market was red! I'm not sure what it means yet, but feels like the market is becoming more and more unstable.
|
||||
|
||||
Here are a few of the charts from the tickers that were also set off for today. Usually, there's like... one or two a day, and I copied 15 below!
|
||||
|
||||
But first, a quick refresher!
|
||||
|
||||
*Quick Recap*
|
||||
|
||||
My work is built on the idea that the market is largely unpredictable, but one particular kind of behavior is certain - hedgies like to hedge. It's written into their algorithms. Specifically, they like to delta hedge and gamma hedge. This work tries to profit on this one particular type of buying/selling behavior. I have a little data dictionary at the bottom if you need a refresher on terminology.
|
||||
|
||||
*Back to the graphs...*
|
||||
|
||||
Reminder, this is not to distract you from GME, just to show you what I mean when I say it was strange that these were all firing at the same time today.
|
||||
|
||||
I don't know how... or even if... these tickers are all connected, but they definitely do share some interesting timing/patterns.
|
||||
|
||||
[](https://preview.redd.it/52bmcwgq56371.png?width=910&format=png&auto=webp&s=25e650dcebecc63e513c6a741e5235da31fcddad)
|
||||
|
||||
AMC 1/4/2021 - 6/3/2021
|
||||
|
||||
[](https://preview.redd.it/pl4cqly7g6371.png?width=910&format=png&auto=webp&s=65d7d72d6f2ce01c09e29d93824f8814a6b08958)
|
||||
|
||||
ABNB 1/4/2021 - 6/3/2021
|
||||
|
||||
[](https://preview.redd.it/ggp9r0h466371.png?width=910&format=png&auto=webp&s=ae5be1250eda029ec639fd75814cb9ba3e7a3a14)
|
||||
|
||||
RKT 1/4/2021
|
||||
|
||||
[](https://preview.redd.it/f7syzd0zf6371.png?width=910&format=png&auto=webp&s=4c75c9850d95f4438843baa38a8fcc081ddd2378)
|
||||
|
||||
BLNK 1/4/2021 - 6/3/2021
|
||||
|
||||
[](https://preview.redd.it/mu4aiuz2g6371.png?width=910&format=png&auto=webp&s=2fce5a6af885c0258daca54c833fe8d6b70d8e64)
|
||||
|
||||
LMND 1/4/2021 - 6/3/2021
|
||||
|
||||
[](https://preview.redd.it/pw56e3b776371.png?width=910&format=png&auto=webp&s=e26a1ac31911646be8ed66853fc660e8feb67165)
|
||||
|
||||
FUBO 1/4/2021 - 6/3/2021
|
||||
|
||||
[](https://preview.redd.it/rmbrwdcc76371.png?width=910&format=png&auto=webp&s=b9ca5760688cf194e26d62c8b6c551267cfaa67c)
|
||||
|
||||
PLAY 1/4/2021 - 6/3/2021
|
||||
|
||||
[](https://preview.redd.it/9zdhg0rf76371.png?width=910&format=png&auto=webp&s=6325b7f3e95913e820acf5ab69b131330922c2d0)
|
||||
|
||||
CCIV 1/4/2021 - 6/3/2021
|
||||
|
||||
[](https://preview.redd.it/b9ng41yne6371.png?width=910&format=png&auto=webp&s=4d81ace4143a8e683459e8ecc5b83f0fe15e2ff1)
|
||||
|
||||
BBBY 1/4/2021 - 6/3/2021
|
||||
|
||||
[](https://preview.redd.it/ekt4974te6371.png?width=910&format=png&auto=webp&s=ae3ccd4c5b983cd94f23c4ad96e78166779dc410)
|
||||
|
||||
TLRY 1/4/2021 - 6/3/2021
|
||||
|
||||
[](https://preview.redd.it/vd4bsp0ye6371.png?width=910&format=png&auto=webp&s=d56b5d48a6f350f2c4798c68e871576ca87cda29)
|
||||
|
||||
NVAX 1/4/2021 - 6/3/2021
|
||||
|
||||
[](https://preview.redd.it/klv2kiq1f6371.png?width=910&format=png&auto=webp&s=9fcfc574683e383bb710bd646623a9982884c4da)
|
||||
|
||||
WKHS 1/4/2021 - 6/3/2021
|
||||
|
||||
Again, eyes on the prize. I doubled down on my GME stocks today, and I have no doubt these tickers are just the warm-up act for the big show. There are six new tickers firing tomorrow from my top 140, down from 15 in my top 140 today. Still a lot more than usual though, and I'm exciting to see what happens!
|
||||
|
||||
*Data Dictionary*
|
||||
|
||||
- Delta Neutral: price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like a theoretical floor (although the price can go lower, as seen in February). My theory is that as the underlying approaches the delta neutral, call options go on sale. As people buy call options, MM have to buy the stocks which increases the price. Most stocks like to hang out above the delta neutral, some dip below and create pressure that can shoot them back over the delta neutral (like what happened in February), and some like to hang out below (like the VIX).
|
||||
|
||||
- Gamma Neutral: price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most plan (like we have seen with GME since April). It also goes crazy in periods of high volatility (as you can see by the infinite spikes).
|
||||
|
||||
- Max Pain: price that creates largest loss for option buyers and largest gain for option sellers. This is a controversial topic because underlying prices can drift towards this point. There are typically large areas around the max pain that doesn't make a lot of difference to the profits for option buyer/sellers. It can be used to help gauge where the equilibrium of the options data is, but there is often a wide range around this price point that does not meaningfully affect MM profits.
|
||||
|
||||
Disclaimer: I'm just a person that likes to play with options data and builds models to trade for a hobby. I have no experience trading professionally or offering any advice to anyone. Nothing is certain in trading. It's all probabilities and what increases/decreases your chance at a profit. This is just one indicator for one type of price movement, and there are many other indicators that can help you make investment decisions.
|
@ -0,0 +1,127 @@
|
||||
A Mind Map To Help Follow The Money
|
||||
===================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/draygon_media](https://www.reddit.com/user/draygon_media/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n4j3zo/a_mind_map_to_help_follow_the_money/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
[](https://preview.redd.it/w6nodjdny4x61.png?width=1838&format=png&auto=webp&s=8420c3fc3049305457c1c506d674072804fec49f)
|
||||
|
||||
The overview! Click the link below to look closer!
|
||||
|
||||
edit for: Thank you all so much for the awards, upvotes, and support!! You are all so amazing
|
||||
|
||||
This is not FA... I do not advise doing anything based on this information... I am just a person who likes to look at the big picture. What better way to look at the big picture than with a mind map?!
|
||||
|
||||
Click here - - ->>>> <http://go.bubbl.us/b7f901/25d0?/The-Loop>
|
||||
|
||||
This is an ever evolving mind map, and made by 1 person at the moment. I have done my best to cross check information, so PLEASE take it with a grain of salt. But know that there is something very interesting within the mess.
|
||||
|
||||
TLDR: Just read it please... I am providing a graphic and all to follow along with. Without the following information, the mind map WON'T make much sense.
|
||||
|
||||
So... Let's dive in.
|
||||
|
||||
My goal here is to demonstrate how big this ALL goes. While we short sightedly focus on AMC and GME, because it is the big thing at the moment; we must look at who is in on this. But, let's go back in time for just a moment.
|
||||
|
||||
The year? 2008... This was a big moment of bailouts, and guess who got one of the BIGGEST bailouts.
|
||||
|
||||
AIG
|
||||
|
||||
(<https://www.investopedia.com/articles/economics/09/american-investment-group-aig-bailout.asp#:~:text=The%20amount%20the%20U.S.%20government,79.9%25%20of%20the%20company's%20equity.&text=The%20Federal%20Reserve%20and%20the,to%20an%20estimated%20%24150%20billion>.)
|
||||
|
||||
"At its peak, AIG had a market capitalization four times the size of Lehman at the latter's highest. However, AIG was bailed out not purely because of its size, according to Antoncic. "It's not just the size that matters; it is the interconnectedness," she said. If AIG failed, it would trigger a domino effect globally as the insurance giant had provided protections worth more than half a trillion dollars, including $300 billion to banks in the U.S. and in Europe. "Imagine if AIG went away. All of these banks would have had enormous regulatory capital problems. It would have been an extremely systemic macro event." (<https://knowledge.wharton.upenn.edu/article/the-good-reasons-why-lehman-failed/#:~:text=%E2%80%9CLehman%20basically%20put%20the%20nail,its%20size%2C%20according%20to%20Antoncic>.)
|
||||
|
||||
AIG was chosen to be saved, which would in turn cause Lehman Brothers to go under. This led me down the track of who was invested into AIG currently.
|
||||
|
||||
(<https://my.valic.com/ARO/FundPerformance/Tables.aspx?q=KdNpYAGhdNqIJMQMo7Ew+NkW3KFlOYMTjze/DCmGOiWNUIE9RU3Z9coV6V4mx1/5bt/DhxioxzfifeKvzAiX8rvTcd+aoQRjp/kUTrAIBSkwP0J/NmJQzoeWXlhXXK8p8nk7tKyozrqUIUh8ZvrcKXmP32YoRwjW76AT3AYFxEYeid51ONkOxpas+2gAhCIUE//sXdK/04Gxuh5BOiomoRZx4uAp1F8FQqarTLOtrKBtCrOphygnGm2NXEqg+KXC>)
|
||||
|
||||
Through the mind map, I have condensed this information. But you are MORE than welcome to sift through it as well!
|
||||
|
||||
You will find some of the big names that we are currently in a situation in as we speak!
|
||||
|
||||
Here is the color code surrounding AIG:
|
||||
|
||||
Purple- I have not dug into at the moment
|
||||
|
||||
Pink- Institution that keeps popping up, and I am keeping an eye on.
|
||||
|
||||
Dark Red- Currently have information, but have not been able to add it
|
||||
|
||||
Black- Main leads that I wanted to look into
|
||||
|
||||
(Vanguard, BlackRock, JPMorgan, Morgan Stanley, SunAmerica, Goldman Sachs, Wells Fargo, BMO, T. Rowe Price)
|
||||
|
||||
What I began to find while diving into the 13D holdings was very interesting. (This is different than the 13f filings) *information taken from fintel ownership section, trying to confirm against Bloomberg as soon as possible!)
|
||||
|
||||
As you can see, Vanguard has 13D filings in:
|
||||
|
||||
BlackRock
|
||||
|
||||
AIG
|
||||
|
||||
Morgan Stanley
|
||||
|
||||
Goldman Sachs
|
||||
|
||||
JPMorgan
|
||||
|
||||
Ameriprise (check out where it leads to)
|
||||
|
||||
Janus Henderson (Another one that leads to the same place)
|
||||
|
||||
BlackRock:
|
||||
|
||||
Morgan Stanley
|
||||
|
||||
Goldman Sachs
|
||||
|
||||
JPMorgan
|
||||
|
||||
AIG
|
||||
|
||||
The other grey boxes surrounding the banks indicates corporations who HAVE 13D filings for the institution.
|
||||
|
||||
Morgan Stanley was in interesting one to me, since this is the one I ended up focusing a lot on given their standing with AMC. This is where I found quite the loop in investing.
|
||||
|
||||
Morgan Stanley is in AMC > BlackRock is invested into Morgan Stanley > Vanguard has a good size holding in BlackRock> BlackRock is ALSO invested into Vanguard's ETF's> Vanguard and BlackRock also have holdings in AMC and GME>AMC and GME are HELD in ETF's that are owned by Vanguard and BlackRock (along with many others).
|
||||
|
||||
This is just ONE loop that I came across that I found fascinating.
|
||||
|
||||
Are you still with me? Try to follow the lines of connection on the mind map.
|
||||
|
||||
The orange boxes around GME are the 13D filings, and the green boxes around AMC are their 13D filings. (Again, not 13F's)... There are some in here that I am STILL trying to verify because I am getting conflicting information from various sources. Most of these have been checked through Bloomberg, and this will ALL be updated as I find more! Check out the various investors... see any INTERESTING institutions?
|
||||
|
||||
You can see that by just looking at the investors, that there are 3 connecting points:
|
||||
|
||||
Dimensional Fund Advisors LP, BlackRock, and Vanguard.
|
||||
|
||||
"But there has to be more connecting points, right?"
|
||||
|
||||
I am happy you asked... Why YES! Yes there is!
|
||||
|
||||
This takes me back to February, when I (and all apes who noticed) the charta for AMC and GME were moving in the same manner. I started diving into the research as to what would cause this. My fun friends that I have been tracking since... THE ETF'S!
|
||||
|
||||
The ETF bubbles you see have been increased and decreased since this inception due to the increase or decrease of ETF's AMC and GME are held in. There are many of these ETF's that hold other favorites to watch as well (Apple, Tesla, Microsoft... you get the picture). On days that GME and AMC start to move the same way, I tend to watch if Apple, Tesla, and/or other meme/tech stocks who seem to move similarly.
|
||||
|
||||
Usually, they do.
|
||||
|
||||
Why is that you may ask...
|
||||
|
||||
Well you see, there are 21... yes 21 ETF's that hold both AMC and GME... and the one I tend to keep a close eye on is the Russel 2000 ETF's with Vanguard.
|
||||
|
||||
In my digging around, I confirmed that this was the one to watch, because our dear friend Morgan Stanley. (I told you they were one to watch)
|
||||
|
||||
In February, Morgan Stanley reported a 671.27% increase in ownership. (<https://fintel.io/so/us/vrtix/morgan-stanley>)
|
||||
|
||||
I will continue to monitor this one for sure!
|
||||
|
||||
I still have a TON of work to do with different connections, and I will release part 2 once that is finished. Part 2 will contain more ETF holdings by institutions, information on the three institutions at the top (and where they are tying into this) as well as any other pertinent information I think is needed.
|
||||
|
||||
Part 3... I am looking into the housing market with all of this... but that may be a bit depending on time!
|
||||
|
||||
I hope you enjoyed my findings, and feel free to dive deeper into it! If you have information you want me to add or look into let me know!
|
@ -0,0 +1,101 @@
|
||||
Infinite Loop Part 2 and Part 3
|
||||
===============================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/draygon_media](https://www.reddit.com/user/draygon_media/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/navdxu/infinite_loop_part_2_and_part_3/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
[](https://preview.redd.it/om4eohkucqy61.png?width=1534&format=png&auto=webp&s=704017fd96e28f8e3e54d81cf7e14ca3b7c0c16a)
|
||||
|
||||
The beast is growing!
|
||||
|
||||
Thank you everyone for the love and support!!! I am so happy to see people are able to understand the mess we are seeing!!
|
||||
|
||||
The Infinite Loop pt. 2 and 3!
|
||||
|
||||
*The regular stuff: this is not financial advice, I am not an advisor, please take this with a grain of salt, research it more yourself... yadda yadda.. On to the good stuff*
|
||||
|
||||
Here it is guys... most of part 2 and some of part 3!
|
||||
|
||||
*If you have not read Part 1 here it is- <https://www.reddit.com/r/Superstonk/comments/n4j3zo/a_mind_map_to_help_follow_the_money/>
|
||||
|
||||
**LINK TO THE MAP** <http://go.bubbl.us/b7f901/25d0?/The-Loop>
|
||||
|
||||
TLDR: Bearish Side is pretty difficult to find! I put in what I could of Citadel, and people really don't seem to want to do much with them! Housing Bubble is growing... take a look! Other than that.. you know the drill! Reading holds the key to the map! (Starting to feel like Charlie... "Who is Pepe Silvia?")
|
||||
|
||||
As I said previously, this is an ongoing mind map, and the more I research and dig around, the more will be added to this!
|
||||
|
||||
Let's dive in!
|
||||
|
||||
The good news:
|
||||
|
||||
I have been able to lock down Citadel, and where they are at in the map. I have found quite a few institutions have 13F filings for Citadel, but no one actually wants to have any ownership of them. So far Wells Fargo, JP Morgan and Bank of America are the ones that are taking a chance on them ( at least from what I have found..). I have also found the 17 broker/dealers that utilize APEX Clearing as their clearinghouse! Interestingly enough, Robinhood does not fall on this list. I will be adding the other broker/dealers and their clearing houses soon.
|
||||
|
||||
Some of the names that stuck out to me are M1 finance, Webull, WealthSimple, Ally, and Firstrade
|
||||
|
||||
I have not completed the ones who have a PFOF with Citadel, but it's coming. (I am only 1 person).
|
||||
|
||||
If you cruise on up to the purple/red bubbles you will see that Citadel has not only shares bought in Vanguard and Blackrock, but they have also decided to place options on them as well. Doing what hedgies do best, I guess.
|
||||
|
||||
Moving on up to the north side of Citadel's bubble, we see 1 13 D/A filing (there are more, but not relevant to this...). I found that they have a little bit of control ownership in Susquehanna! The same one that is up with our good friend GAMESTOP!
|
||||
|
||||
Citadel is truly the only one I could pin down to being at the center of the mess going on, and the other hedge funds do not have any major link to them.
|
||||
|
||||
THIS IS A GOOD THING!
|
||||
|
||||
The more I tried to find the bearish side against AMC and GME, the more I found that they had even MORE backing on the bullish side.
|
||||
|
||||
At the very top, where my random banks were, we see Charles Schwab has 1.23 Million shares of Gamestop and 1.77 Million shares of AMC. They also have 13F filings for Vanguard and BlackRock. Moving over to the left I found that Bank of America had 13 G/A filings from Berkshire Hathaway (a whopping 1.032 BILLION Shares), Vanguard, and BlackRock. BofA also had investments in BlackRock and Vanguard (along with Citadel and Point72). There are others, but this map would NEVER end.
|
||||
|
||||
Deutsche Bank had a 13 D/A filing from BlackRock and had a 13F filing for Citadel.
|
||||
|
||||
From what I kept seeing, MOST of the banking institutions have some form of investment into Citadel! Concerning? Not really... Because the almost all that has been invested is so tiny that the banks may only feel a slight pinprick from their investment, in the event Citadel ceases to exist.
|
||||
|
||||
The powerhouses are proving to be on the right side of history this time, which is good for economic purposes.
|
||||
|
||||
Or are they?
|
||||
|
||||
Part 3.
|
||||
|
||||
If you notice, there are two new bubbles coming from Vanguard: Invesco and BlackStone.
|
||||
|
||||
We know Invesco Kenna... But who is BlackStone?
|
||||
|
||||
I am SO happy you have asked that question! Let's head down to the Housing Bubble that is forming.
|
||||
|
||||
I am so thankful for my husband for helping to piece a lot of this together! His background? He is a realtor himself and enjoys tracking the market! He started noticing some dangerous trends within the market itself and wanted to dig more into it! He started this research a couple months ago and found that we are gearing towards ANOTHER 08 situation.
|
||||
|
||||
People are taking out more subprime mortgages recently, and the fascinating thing is... that it is for rentals! Rental homes have a little more leniency on borrowing since it is for income, and the big investment institutions figured that out. BlackStone SOLD the FIRST single family rental securitization in 2013 for $479 Million!
|
||||
|
||||
I Could do an ENTIRE write up, but my husband did an EXCELLENT job dictating his points ON the map... So, I will leave you be for a moment to follow the chart!
|
||||
|
||||
The only Key you need for that section:
|
||||
|
||||
Subprime Mortgages:
|
||||
|
||||
Green- STILL AVAILABLE (one way or another, it could be tricky... but there are lenders for these)
|
||||
|
||||
Red- NO LONGER AVAILABLE
|
||||
|
||||
Welcome Back!! Hope you found that interesting!
|
||||
|
||||
The last thing for this DD is the Housing Insurance Bubble!
|
||||
|
||||
A few months ago, we saw whispers of notable names from the '08 era looking into a bubble revolving around homeowner's insurance. The idea was that Climate Change affected zip codes would see an increase in their premium costs. In turn, the monthly cost would be substantially higher than what the owner originally agreed upon. Between the pandemic, and people normally taking out the max they can borrow, their shoestring budget becomes even thinner! Therefore, while interest on the mortgages were low, people in areas where fires, hurricanes, floods and/or tornados occur would see their payments fluctuate drastically! The unfortunate side effect will be people being unable to make their payments, and we could see more people being foreclosed on!
|
||||
|
||||
If you will go to the bubble just south of the CDO/BTO web, you will find my area where I am starting to gather article and will be posting stats for updating purposes!
|
||||
|
||||
Please note: ALL OF THIS APPLIES to commercial real estate as well as residential!
|
||||
|
||||
------------------------------------------------------------------------------
|
||||
|
||||
Thank you for taking the time to read through everything and follow along! As far as I can see we are heading towards something pretty incredible... and history books will talk about this for centuries!
|
||||
|
||||
Be kind to one another!
|
||||
|
||||
Lastly... TO. THE. MOON!!
|
@ -0,0 +1,127 @@
|
||||
Everything Superstonk Knows About Naked Shorting - A Definitive Guide
|
||||
=====================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/sharkbaitlol](https://www.reddit.com/user/sharkbaitlol/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nt0ojl/everything_superstonk_knows_about_naked_shorting/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[🚀 Moderator 🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&restrict_sr=1)
|
||||
|
||||
Hi apes; sharkbaitlol here again chomping away at MSM this time. This is a quick post surrounding a particular news station confirming the concept of naked short selling (for anyone [out of the loop](https://www.reddit.com/r/Superstonk/comments/nspmql/naked_shorts_yeah/)); while this is hilarious, it's something the apes here at Superstonk know all too well as we've been researching this for a while now!
|
||||
|
||||
Over the last few months, we've had fantastic DD written on the subject and even had AMA guests come on to speak about it. The great news is, that this topic has picked up so much speed that we even see it trending on Twitter right now across various parts of the world.
|
||||
|
||||
With that being said this serves as a great time for us to showcase all the research apes here have worked on over the last several months. If you feel there's a great thread that should be included below (that I've missed); please feel free to comment and I'll edit it in.
|
||||
|
||||
[](https://preview.redd.it/o0nbqlzlfh371.png?width=1091&format=png&auto=webp&s=e9e7cb830ed3490fd11adf58b87db6079c3469ef)
|
||||
|
||||
the world is taking notice
|
||||
|
||||
Lets start off with a text book definition of naked short selling:
|
||||
|
||||
[](https://preview.redd.it/yecxm5507h371.png?width=611&format=png&auto=webp&s=59d8c9f2e09a1cd46ed532814ccc7ced06ae2a67)
|
||||
|
||||
https://www.investopedia.com/terms/n/nakedshorting.asp
|
||||
|
||||
Essentially it is the practice of shorting a stock (which is totally legal), but without the shares on hand (this is what's illegal). This is equivalent to spending shares you do not have; this becomes a slippery slope to create scenarios like what we see with GME where [140% of the float was shorted.](https://en.wikipedia.org/wiki/GameStop_short_squeeze) This shouldn't be possible as it suggests that an incremental 40% of shares (more than exist) were fabricated. This can be put on the same level of severity as printing out currency.
|
||||
|
||||
This process artificially increases the amount of shares in circulation without the affected companies approval; devaluing shares significantly. If you own mutual funds, ETFs, retirement plans or straight up stocks this should be a concern for you as these players (naked short hedge funds, financial institutions) are stealing from you. It's through this process that they killed off Toys'r'us, Sears and thousands of other companies.
|
||||
|
||||
Some great resources from over the last few months:
|
||||
|
||||
-----------------------------------------------------------------------------
|
||||
|
||||
AMAs With Wes Christian
|
||||
|
||||
-----------------------------------------------------------------------------
|
||||
|
||||
Wes Christian joined us recently for two amazing AMAs!
|
||||
|
||||
Just as a reminder for his background;
|
||||
|
||||
> *Wes Christian is a Texas attorney with* [*an accent as big as his list of accomplishments*](http://www.csj-law.com/attorneys/jchristian.html)*!* *His primary focus in the last 11 years has been suing Wall Street for fraud and is a* *US legal expert on naked short selling.*
|
||||
|
||||
[](https://preview.redd.it/ragcur5s7h371.png?width=170&format=png&auto=webp&s=66da029065ebe745b0b671c1e0f778cf7c3e3bff)
|
||||
|
||||
- Catch him in part 1 in an interview with the brilliant [u/dlauer](https://www.reddit.com/u/dlauer/) : <https://www.youtube.com/watch?v=2rJujnpKiqM>
|
||||
|
||||
- And part 2 with heavyweight investigative journalist Lucy Komisar: <https://www.youtube.com/watch?v=q8-JO3g5bm4>
|
||||
|
||||
I highly suggest watching the AMAs to get an insight into the financial world; but here are some great quotes from Wes himself during the interviews;
|
||||
|
||||
> *Lucy:* *"Well, what was going on? What tactics were they using?"*
|
||||
>
|
||||
> *Wes:* *"Let's see back then what they did is they really naked short sold, what I would call small cap companies, bulletin board companies, not NASDAQ companies, not NYSE Amex companies, bulletin board companies, and back then those companies always needed capital. So they would enter into the the bad guys would enter into a convertible debenture, that is a basically a legal note a promise to pay money. In an exchange for that the note would say we the person who's owed the money can take shares, or we can take cash for payment. Well, the bad guys would always take shares. And so what would happen is the company the public company would sign the note because I needed the money. Because the people said, Oh, we'd love your company, we want to invest, we really think you've got great technology will loan you this money. In fact, we'll even let you repay us in shares with the company thought that's a winning proposition. Because my God, I don't have to part with cash, I'm gonna get cash in the door, it's great. But in reality, what that was, was a predator, or predator who was coming in getting inside information and loaning you money. And at the time, let's say that this company stock which was internet law library was making it up, but it's close $8 a share. And at the time, the amount of shares that would have to be given to the person who the note was made payable to would have been, let's say, a million shares. And it that time the stock started going down and down and down, and the volume of the sales went up and up and up. Of course, as we know, loosely, anytime sales, exceed demand or supply exceeds demand, the price is going to go down. So what was happening is the mission of the bad guys was to loan you two and a half million dollars, and be entitled, at least at that time to a million shares. So by the time sorry that they got through with you, you would have to give them 20 million shares."*
|
||||
|
||||
Shark's take: It wasn't always about going after big companies; Wall Street's appetites have grown over time as Wes suggests.
|
||||
|
||||
> *Lucy:* *"but just to just to intervene a little bit just to explain what it means. If you make a loan, and I think in this case for Sedona, it was two and a half million, you have to pay back, maybe it was 3 million in shares, but its shares and you think everything's going up, you're getting this loan is going to grow the business. But if they knock the share price down with naked short selling, 3 million worth of shares, may be the whole company, because the shares now are worth what a 10th a 20th. So that the number is important. $3 million worth of shares, gives them the whole company. And that's that's the deal. And that's how it"*
|
||||
>
|
||||
> ***Wes: "****That is exactly how it works. It is a way when you think about it to take the company over. Over the years, we've done 20 of these cases and and so and we're getting ready to file a couple more, we just found one in the southern district as you know the Harrington case. Basically, it is a way to either destroy the company and bury the dead bodies that the stock certificates that don't exist, or it's a way to steal the technology. I've seen it both ways. If they really like your technology, they will go in and right before the company Totally dies, they'll put it in bankruptcy, buy the assets out of bankruptcy for what they're owed, and go from there. So you're right. Their mission is to start out with 3 million shares and ultimately you owe 100 million shares in order to pay your two and a half million dollars worth of debt."*
|
||||
|
||||
Shark's take: This has been ongoing for such a long time that it no longer a new or shocking concept. The process of a naked short company takedown is well documented, and understood. They'll drag the company into significant debt before killing it off.
|
||||
|
||||
> ***Dave: "****So I think there are two things that I've seen on the on the subreddit, consistently, and that I think, you know, might be of interest to dive a little deeper into. And so, you know, we've talked about this a lot, and we've thrown the terms around today. But maybe, maybe it would be great to get a little deeper into it, which is the idea of synthetic shares and, and failures, right. And so maybe if you if you don't mind just going a little deeper into that dynamic. You know, what is that mechanism that that that these firms are using to create these synthetic shares? And what have you seen in the past?"*
|
||||
>
|
||||
> *Wes: "Yeah, and again, I'm going to qualify that my answer, but to make it clear that I'm only using what's in the regulatory actions and out in the public marketplace, because again, I can't use any particular from a specific case. What I'm seeing is, is the creation of futuristic instruments. They've been called rehypothecation instruments they've been called repost certificates. They've been called putting a put in a call together. They've been called reverse conversions. There's many fancy names for them, but I call them I call them the Popeye and Whitby principle, okay. It's like, give me the hamburger today, and I'll pay you next Wednesday. Okay, except next Wednesday, incidentally, never comes okay. So So ultimately, you know, that principle needs to not be allowed because ultimately it culminates in the dissemination of false information. it culminates in that false information comes in several places. David's a great question you pose. Number one, they'll show it to the compliance department because Don't forget, each one of these firms has a compliance department. And that compliance department gets a knock on the door from the regulator or from the auditor that says, hey, what about this Charlie or Sally? And ultimately say, Oh, we got to fix that. Okay. And so they go to the broker and say, What Is this okay? Because Don't forget The proprietary trading desk is a whole section of that firm, there are traders that do nothing, but do prop trading. And so ultimately, they then say, well, we got to, we got to figure this out. So they'll go create this, you know, as to members in the conspiracy that puts in the calls. Or if they're short, they'll get a friend of theirs to sell them a bunch of shares, which, incidentally, are short also, but they'll mark them long. So guess what happens when they when the naked short seller is has this contingent liability on the brokerage firms books, he calls a buddy sell me some long shares, he sells in the long shares, well, that that cancels out net, magically, the number of long shares he got sold, netted out his his naked short to zero, he's he's all good, until the compliance guy comes knocking again. So the mission is to kick the can down the road kick the can down the road. So basically, you know, at the end of the day, it's creating a futuristic instrument it to to, you know, deal with the option market, the repossession or repo? hapa, hapa, rehypothecation. market. And anything else that is a futures contract? It's basically a futures contract to do something, in some form representative of shares that never gets consummated."*
|
||||
|
||||
Shark's take: We start venturing into the concept of rehypothecation when we enter into the realm of naked short selling. Of course these "synthetic shares" must be coming from somewhere. Wes confirms that the goal for these naked shorters is to keep kicking the can down the road infinitely. Short hedge funds just keep saying "I'll pay you next Wednesday" and continue saying it every week. Eventually the company gets killed off in this process as this can take months/years. With everything that's happening now, we hope it'll spur change.
|
||||
|
||||
-----------------------------------------------------------------------------
|
||||
|
||||
AMA With Dr. Trimbath
|
||||
|
||||
-----------------------------------------------------------------------------
|
||||
|
||||
Dr. Trimbath has been an incredible ally to the ape initiative;
|
||||
|
||||
A quick blurb about her incredible work:
|
||||
|
||||
> *" Susanne Trimbath holds a Ph.D. in Economics from New York University and received her MBA from Golden Gate University. Prior to forming STP Advisory Services, Dr. Trimbath was Senior Research Economist in Capital Studies at Milken Institute (Santa Monica, CA) and Senior Advisor on the Russian Capital Markets Project (USAID-funded) with KPMG in Moscow and St. Petersburg. She previously served as a manager in operations at Depository Trust Company in New York and the Pacific Clearing Corporation in San Francisco; she started her career in financial services operations at the Federal Reserve Bank of San Francisco. Since 1989, Dr. Trimbath has taught economics and finance in university graduate and undergraduate programs as adjunct, associate and full-time professor. In 2009, she was certified to teach in the distance-learning environment by both Bellevue University (Nebraska) and University of Liverpool (UK, by Laureate International, Amsterdam). "*
|
||||
|
||||
You can watch the AMA [here](https://www.youtube.com/watch?v=fGVY2Kco8ng); I also highly recommend her book called "Naked, Short and Greedy" goes into MUCH deeper detail as to the oversight of what went on at the DTC (Depository Trust Company) during her time there as senior management. This is the same security depository which the stock market sits on. It is a large component of how naked shorting is allowed to exist in the current landscape.
|
||||
|
||||
Fellow mod [u/atobitt](https://www.reddit.com/u/atobitt/) did a fantastic write up on the very topic of how the DTC has allowed this mess to happen in the first place. Highly recommend reading through his "[A House of Cards](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/)" series.
|
||||
|
||||
[](https://preview.redd.it/t0q55lyxyh371.png?width=1526&format=png&auto=webp&s=57b0a5dc5081fb925a6e5607e2187181790d6310)
|
||||
|
||||
-----------------------------------------------------------------------------
|
||||
|
||||
Other fantastic threads by apes:
|
||||
|
||||
-----------------------------------------------------------------------------
|
||||
|
||||
- " [Explain w/ Crayons Series: What is Naked Shorting? Indicators GME is Being Naked Short](https://www.reddit.com/r/Superstonk/comments/nk40b6/explain_w_crayons_series_what_is_naked_shorting/) " by [u/AaronJamesArq](https://www.reddit.com/u/AaronJamesArq/)
|
||||
|
||||
- Great powerpoint type formatting that quickly and easily explains the concept of naked short selling and how it relates to meme stocks
|
||||
|
||||
- " [The naked shorting scam revealed: lending of market maker privileges, the married put trade and why inflicting max pain will bleed them dry](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/) " by [u/broccaaaa](https://www.reddit.com/u/broccaaaa/)
|
||||
|
||||
- Amazing deepdive into how the naked short selling scam may work with some intensive mathematical research done around the topic.
|
||||
|
||||
- " [Reason why they didn't speak about naked shorting](https://www.reddit.com/r/Superstonk/comments/n6qilq/reason_why_they_didnt_speak_about_naked_shorting/)" by [u/Badgerv12](https://www.reddit.com/u/Badgerv12/)
|
||||
|
||||
- Further proving why a slip up on news stations may be important. It's one of the first few times it's heard from MSM them confirming the concept.
|
||||
|
||||
- " [This is HUGE NEWS: Investment Banking Company Jefferies suspends short sells and naked shorts on $GME](https://www.reddit.com/r/Superstonk/comments/nrgdlo/this_is_huge_news_investment_banking_company/) " by [u/FDAz](https://www.reddit.com/u/FDAz/)
|
||||
|
||||
- News suggesting that multiple financial institutions trying to potentially control the naked shorting issue.
|
||||
|
||||
- " [Naked Short Sellers have set our cancer research back decades from their abusive short selling.](https://www.reddit.com/r/Superstonk/comments/ndrjl8/naked_short_sellers_have_set_our_cancer_research/) " by [u/phoenixfenix](https://www.reddit.com/u/phoenixfenix/)
|
||||
|
||||
- The ugly reality of naked short selling and just how damaging it has been to the world historically.
|
||||
|
||||
- " [ELINA (Explain Like I'm Not Ape)](https://www.reddit.com/r/Superstonk/comments/mwylrj/elina_explain_like_im_not_ape/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) " by [u/writerofjots](https://www.reddit.com/u/writerofjots/)
|
||||
|
||||
- In-case you're still REALLY confused, this one does a good job breaking it down into the barebones.
|
||||
|
||||
Just to echo my statement on the daily thread, the mod team will be removing any further content referring to the reporter or the news station in question at this time to make room for the excellent research you all do. I urge you all to rely on your humanity (apemanity?) when discussing this further.
|
||||
|
||||
Please remember that the reporter is an individual as well; whether intentional or not, they should not be harassed. This paints a very negative image on the apes, and we're better than that.
|
||||
|
||||
Please feel free to retweet my post to get superstonk's voice out there! <https://twitter.com/u_sharkbaitlol/status/1401233432060076032>
|
||||
|
||||
With that being said, stay excellent to each other and stay hungry.
|
163
Daily-Synopsis-Archives/2021-06-01-Synopsis.md
Normal file
163
Daily-Synopsis-Archives/2021-06-01-Synopsis.md
Normal file
@ -0,0 +1,163 @@
|
||||
The Daily Stonk 06-01-2021
|
||||
==========================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/npq4vp/the_daily_stonk_06012021/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||
|
||||
[](https://preview.redd.it/uve8vgz9dm271.png?width=1600&format=png&auto=webp&s=8e65c01169ff4800c472dede5fa9dd5ad7463e66)
|
||||
|
||||
Good Morning San Diago,
|
||||
|
||||
I am Rensole and this is your daily news.
|
||||
|
||||
Does anyone smell that?
|
||||
|
||||
*insert flashy intro card*
|
||||
|
||||
[](https://preview.redd.it/bkoyqa0cdm271.png?width=680&format=png&auto=webp&s=19967667ff879bd5cd124a2c8c1b3f66b268d628)
|
||||
|
||||
Let's start with the basics once more!
|
||||
|
||||
0:00
|
||||
|
||||
1:07
|
||||
|
||||
VOTE!
|
||||
|
||||
Be sure to vote with your shares, don't think it won't matter because it does, over-voting would show there are lots of things being wrong and would give the company a much needed excuse to call their votes back in.
|
||||
|
||||
Also for the 6/9 (nice) annual shareholders meeting, remember that we will most likely not see a lot happen to the stock immediately after this because if they have something planned (NFT/Dividend/ recounting their own shares etc) it can be mentioned there but could still take some time before it can be implemented.
|
||||
|
||||
Like the NFT is set to launch around the 14th, if they were to give a dividend it could also be a few weeks, a recount can take a lot longer though, due to the audit process being very specific it may take a month or maybe longer (I can't say, or imagine, how long auditing the shares would take as this is a scale because the situation unprecedented) and there is a chance the vote count can be doctored to make sure it shows a non accurate vote count, regardless of everything just hodl and wait, as news reports have already stated SHF have list close to 2 billion usd just from Monday till Wednesday, but also these are "paper" losses as there is only an actual loss once they close their positions.
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/>
|
||||
|
||||
[](https://preview.redd.it/rqkm5rjcjm271.png?width=960&format=png&auto=webp&s=fc4c10bcbe371f46a99714afa46f886ff752d608)
|
||||
|
||||
Congrats on the upgrades!
|
||||
|
||||
First of all I'd like to start with giving a shout out to two fellow mods, [u/bye_triangle](https://www.reddit.com/u/bye_triangle/) and [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/), as has become normal for us, in the beginning moderators get limited powers (just so we know they're doing a good job etc etc), well both [u/bye_triangle](https://www.reddit.com/u/bye_triangle/) and [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) have gone above and beyond on many occasion and are as of right now full moderators.
|
||||
|
||||
[u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) had already made a post announcing this but I just wanted to give these awesome apes a shout out myself and congratulate them <3
|
||||
|
||||
[](https://preview.redd.it/9zv9rx9tdm271.png?width=960&format=png&auto=webp&s=922e358a5b782bb4dbe2216db9c07151a7e7e16b)
|
||||
|
||||
Having a friend at a HF is so hot right now....
|
||||
|
||||
Gamestop stopped geoblocking their website
|
||||
|
||||
As some people over the past week have noticed GameStop has opened up their websites accessibility to worldwide instead of usa only, this is very bullish imo. This because if you look at websites like Amazon they have the same website available everywhere, and the products available change, meaning there is a fairly decent chance we can see a worldwide shift in how they do business.
|
||||
|
||||
Gamestop used to be very different from how their German/Australian/Usa/Canadian stores did business, among which there were different names (GameStop, Ebgames, Gamestopzing, etc) so there is a shot they will be looking into unifying these (given the international recognition the brand now has it would be smart), then adding fulfillment centers outperforming Amazon in delivery time, this is a lot but it all starts with a simple website being accessible to everyone.
|
||||
|
||||
[](https://preview.redd.it/2kbjymkxgm271.png?width=640&format=png&auto=webp&s=7ec71585f8f0cad12e30fbe7eda6ce49b6647c6e)
|
||||
|
||||
DTC-2021-005
|
||||
|
||||
I just want to remind everyone that this document has been missing for a few months now, it was "offline te be reformatted" due to a "formatting issue", but Gary Gensler has only been working for 7 weeks...
|
||||
|
||||
Not a lot of comments here, just making sure (just like other apes on the sub) that this important document doesn't fade into obscurity).
|
||||
|
||||
[](https://preview.redd.it/lqbadq4zgm271.png?width=500&format=png&auto=webp&s=0b4f0af13e230682fe363ccdee4f60c79562b00d)
|
||||
|
||||
Fud
|
||||
|
||||
A clever ape did a writeup of all the FUD we have already seen and overcome, it's nice to look back because the only way to make sure we don't repeat history is to study it.
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/np3v7r/fud_campaigns_weve_endured_so_far/?utm_source=share&utm_medium=ios_app&utm_name=iossmf>
|
||||
|
||||
[](https://preview.redd.it/a34cd4f1hm271.png?width=717&format=png&auto=webp&s=0e70374e1f291d16d2987eee1116294c5d121172)
|
||||
|
||||
All apes this long weekend
|
||||
|
||||
Etoro
|
||||
|
||||
Now this is the juicy bit, we've seen a lot of speculation on this one, we have seen people extrapolate information from the statement that Etoro has 1.5% of GME holders, then we've seen people think that this means that we have a couple of options
|
||||
|
||||
1. gme has 89 million sharews
|
||||
|
||||
2. gme has over 1000 million shares
|
||||
|
||||
3. etoro is stating amount of users that they have they have 1.5% (meaning 98.5% of their users dont have gme)
|
||||
|
||||
4. something else entirely
|
||||
|
||||
Now we can't answer for sure what this means, I'll be looking into it today and reading peoples DD on this and see if I can form a wrinkle, after that I'll be contacting the CEO from Etoro (full transparency like always: due to some weird happenstance a twitter user put us in contact and we had a brief interaction, hopefully due to having this line of communication open I can ask him a question about this, but again there is no security that he will even answer, nor does he have to as I'm still just a regular ape and not some bigshot), and for the people saying "why the hell would he talk to you?"... dude I've been wondering the same thing 🤷♂️
|
||||
|
||||
Again take these numbers with a grain of salt and a bucket of "inconclusive"
|
||||
|
||||
[](https://preview.redd.it/a8oxbtffhm271.png?width=960&format=png&auto=webp&s=1a948bbe47f2fb794509f9599b92a78139c9de3d)
|
||||
|
||||
For (R)/Cohan!
|
||||
|
||||
Citadel is filing form D's
|
||||
|
||||
A smarter ape has written a piece about the recent filings of Citadel, namely their form D amendments, and what they mean and what it could imply, give it a read [here](https://www.reddit.com/r/Superstonk/comments/np6f78/citadel_has_been_filing_form_d_amendments_and_ill/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||
|
||||
I wont give a synopsis of this because it's fairly short and well and easily understandable.
|
||||
|
||||
[](https://preview.redd.it/prkjdp8ohm271.png?width=960&format=png&auto=webp&s=6e3b93569773d16ca66b9885f37ed2d629b9822e)
|
||||
|
||||
Parting thoughts
|
||||
|
||||
Now before I go slip back into my cave for the day I do have some thoughts that wont fit in the news stories naturally so I'd rather do it here separate from the rest.
|
||||
|
||||
First of all guys chill the fuck out, there are trolls, shills etc, these people are doing what they're doing for one thing only, to get you to respond on an emotional level, don't get lured out and just relax, remember who benefits from shaking["The jar of ants"](https://www.reddit.com/r/Superstonk/comments/nn5xnf/the_jar_of_ants/)?
|
||||
|
||||
There is no sense of urgency to speculate on Etoro or other traders total amount of shares, this has become a game of patience, if Etoro/degiro/yomama has 10% of the float or a 100%, I believe at this point we've found out that we at least own the float (AT MINIMUM) atleast once, meaning... it doesn't matter how many shares there are (even though it would be cool to know) again, the mantra of "Buy-Hold-vote-zen" applies, be zen, be chill just wait.
|
||||
|
||||
The shareholders meeting, I've seen a lot of people talking in a way that everything will pop off at the meeting itself, don't hype yourself up to much my friend, even though I would love to have this pop off then I believe that the day of the annual sharehodlers meeting may be a sideways day. Again No dates, so only Jaques your tits to about 60%, no full Jaquesing (even if I personally hope it will pop off at the same day, lets remain realistic ;) )
|
||||
|
||||
And as always, Expect fuckery
|
||||
|
||||
[](https://preview.redd.it/7vwl7b8yjm271.png?width=554&format=png&auto=webp&s=f992f4f07dd3eec3b404596ba1f736fca2eeba48)
|
||||
|
||||
EXCELLENT!
|
||||
|
||||
Be friendly, help others!
|
||||
|
||||
as always we are here from all different walks of life and all different countries.
|
||||
|
||||
This doesn't matter as we are all apes in here, and apes are friends.
|
||||
|
||||
Doesn't matter if you're a silverback a chimp or a bonobo.
|
||||
|
||||
We help each other, we care for each other.
|
||||
|
||||
Ape don't fight ape, apes help other apes
|
||||
|
||||
this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
|
||||
|
||||
remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
|
||||
|
||||
There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
|
||||
|
||||
We don't care, just be nice and lets make this community as Excellent as we can!
|
||||
|
||||
Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
|
||||
|
||||
[](https://preview.redd.it/ke1l5aq5km271.png?width=400&format=png&auto=webp&s=b4a0fbd4174f8aeac5e56f5451d9ff692aae6023)
|
||||
|
||||
remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
|
||||
|
||||
If anything happens throughout the day we will be adding it here.
|
||||
|
||||
backups:
|
||||
|
||||
<https://twitter.com/rensole>
|
||||
|
||||
<https://twitter.com/PinkCatsOnAcid>
|
||||
|
||||
<https://twitter.com/RedChessQueen99>
|
||||
|
||||
Edit:
|
||||
|
||||
DFV HAS SPOKEN!, HE IS INDEED A CAT!
|
||||
|
||||
<https://twitter.com/TheRoaringKitty/status/1399727581369409539>
|
202
Daily-Synopsis-Archives/2021-06-02-Synopsis.md
Normal file
202
Daily-Synopsis-Archives/2021-06-02-Synopsis.md
Normal file
@ -0,0 +1,202 @@
|
||||
The Daily Stonk 06-02-2021
|
||||
==========================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nqhkj5/the_daily_stonk_06022021/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||
|
||||
[](https://preview.redd.it/6v9d6yjegu271.png?width=1600&format=png&auto=webp&s=81e2c4a9c5be73110a35260e84126bf0b52d4b2c)
|
||||
|
||||
Good Morning San Diago,
|
||||
|
||||
I am Rensole and this is your daily news.
|
||||
|
||||
Does anyone smell that?
|
||||
|
||||
*insert flashy intro card*
|
||||
|
||||
[](https://preview.redd.it/syeowj1ggu271.png?width=680&format=png&auto=webp&s=b4e14923782fca77558ba56a2d9cc5c20f9efb8d)
|
||||
|
||||
0:00
|
||||
|
||||
1:07
|
||||
|
||||
Be sure to vote with your shares, don't think it won't matter because it does, over-voting would show there are lots of things being wrong and would give the company a much needed excuse to call their votes back in.
|
||||
|
||||
Also for the 6/9 (nice) annual shareholders meeting, remember that we will most likely not see a lot happen to the stock immediately after this because if they have something planned (NFT/Dividend/ recounting their own shares etc) it can be mentioned there but could still take some time before it can be implemented.
|
||||
|
||||
Like the NFT is set to launch around the 14th of July, if they were to give a dividend it could also be a few weeks, a recount can take a lot longer though, due to the audit process being very specific it may take a month or maybe longer (I can't say, or imagine, how long auditing the shares would take as this is a scale because the situation unprecedented) and there is a chance the vote count can be doctored to make sure it shows a non accurate vote count, regardless of everything just hodl and wait, as news reports have already stated SHF have list close to 2 billion usd just from Monday till Wednesday, but also these are "paper" losses as there is only an actual loss once they close their positions.
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/>
|
||||
|
||||
[](https://preview.redd.it/6hcar3ywgu271.png?width=1440&format=png&auto=webp&s=eae379185d20bb181fe25312e04ac4fbcd9aa553)
|
||||
|
||||
DFV IS BACK BABY!
|
||||
|
||||
After being silent for a few weeks our boy is back shitposting once again, even if he's not putting new DD forward or doing videos at the moment, but just seeing signs of life brings me joy to see.
|
||||
|
||||
Now there have been some people posting yesterday "oh we shouldn't look up to dfv, no hero worshipping" I'd say you're right, no one should be hero worshipped (we've seen this go wrong many a time) but DFV is our boy, a friggen time traveling cat so I'll just quote a person who is smarter then me to give a retort
|
||||
|
||||
" Authority is not given to you to, steward, to deny the return of the king."
|
||||
|
||||
0:00
|
||||
|
||||
0:09
|
||||
|
||||
credit to u/TheOtherCausby
|
||||
|
||||
There is also a theory going around as to why he went silent, and lets go over some of the logical ones. He was being sued in what may be called a "slap suit" a lawsuit making sure someone stays silent, his lawyers would have most likely advised him to stay silent for a while, to show there is no involvement between him tweeting and the price going up or not.
|
||||
|
||||
Meaning that at minimum his lawyers have said "yeah sure you can shitpost again", which is always a good sign! glad to have the king back, and would love to see him post here on superstonk, wsb or anywhere tbh, and I'm looking forward to him livestreaming once more.
|
||||
|
||||
And for the people who say "don't hero worship", he's the OG, he had the foresight none of us had, and none of us would be here today if he didn't see it first.
|
||||
|
||||
(caveat: even though he was the first and the og, we are not here because he is here, but because he raised a good point and that made us look into the stock of GME and we agreed on our own accord that it would be a good investment, we in no sense imply that Deepfuckingvalue himself has had any affect in our decision making.
|
||||
|
||||
The we in the above segment is the "royal we" so in no sense meant as "us" in a collective sense)
|
||||
|
||||
[](https://preview.redd.it/1h68oj11hu271.png?width=4096&format=png&auto=webp&s=884ea6ad5704fea58194ade954252a57ba262354)
|
||||
|
||||
Short data
|
||||
|
||||
This was made by a friend of mine on twitter and shared publicly [here](https://twitter.com/js76651030/status/1399852769058693120?s=27)
|
||||
|
||||
This data in and of itself does not tell us how much has been shorted, how many short/synthetic shares are out there, but it does tell us that they are shorting it even now, even at these high prices (high in contrast of the $3 usd we've seen last year where they started shorting it into oblivion), that in and of itself does tell us one thing, it's not over, and like Kenny said about the 2008 situation still Applies here and I'll paraphrase:"we where working every day to get one more day"
|
||||
|
||||
Keep going Kenny, dig me that infinity pool just a lil bit deeper plox <3
|
||||
|
||||
[](https://preview.redd.it/vxekubh2hu271.png?width=640&format=png&auto=webp&s=0ef79586e6fda50923c7ab89eed47996294fff49)
|
||||
|
||||
DTC-2021-005
|
||||
|
||||
Seems an awesome ape here finally got a response to their Foia request
|
||||
|
||||
as you can see in their thread [here](https://www.reddit.com/r/Superstonk/comments/nq2l2f/sec_acknowledges_foia_request_on_everything_about/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||
|
||||
it's short so, just go look 😉
|
||||
|
||||
[](https://preview.redd.it/ex5762h5hu271.png?width=599&format=png&auto=webp&s=5e7a72f1c019a11116a6f5152fefa43f322de3d8)
|
||||
|
||||
Bloomberg
|
||||
|
||||
Another awesome ape was kind enough to share some screenshots of their bloomberg terminal [here](https://www.reddit.com/r/Superstonk/comments/nq3o0g/01062021_gme_bloomberg_terminal_information/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
|
||||
|
||||
I always love seeing these, my brain may be to smooth for me to completely understand this but I enjoy the bright colors on the screen, and the wrinkly brained smarties between us can explain quite a bit to us using these bright screens.
|
||||
|
||||
[](https://preview.redd.it/m4mhpjd7hu271.png?width=640&format=png&auto=webp&s=7ccf7165bd20d298db00bc2264ab4acc4c908415)
|
||||
|
||||
Sec statement regarding proxy voting
|
||||
|
||||
found and shared by [u/Staccado](https://www.reddit.com/u/Staccado/)
|
||||
|
||||
<https://www.sec.gov/news/public-statement/corp-fin-proxy-rules-2021-06-01>
|
||||
|
||||
I have no clue what this means but something tells me.. something is up
|
||||
|
||||
Reverse Repo Rates
|
||||
|
||||
the reverse repo rates have decreased
|
||||
|
||||
But the amount of participants has also decreased. Past Friday saw 479.5 billion for 50 participants, and today's rate is 448 billion for only 43 participants.
|
||||
|
||||
<https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000>
|
||||
|
||||
[](https://preview.redd.it/f4kb32xchu271.png?width=640&format=png&auto=webp&s=c28f401c14d3e8f6f1be4b8323694d6dd0a1f9b8)
|
||||
|
||||
Gamestop NFT
|
||||
|
||||
I've been seeing some misinformation about this in the past few days, this either stems from people not understanding it or not having all the info available, for those I'd advise checking this one out:
|
||||
|
||||
<https://gmedd.com/transformation/gamestop-unveils-official-nft-project/>
|
||||
|
||||
It has all the information currently available on the NFT so it would be a good start for anyone who feels like they need some help, or want some additional information.
|
||||
|
||||
The japanese are calling for our aid
|
||||
|
||||
And the Ameritards and Europoors will answer
|
||||
|
||||
[u/StupidMonsters](https://www.reddit.com/u/StupidMonsters/) started a thread [here](https://www.reddit.com/r/Superstonk/comments/nq8idk/japanese_apes_calling_for_support_please_im/)
|
||||
|
||||
Going over some problems our Japanese apes are facing, give it a read and look if you can help in any way shape or form, what I've read so far I fucking love it, people have an issue and 300+k people pile in to see how they can help one and other <3
|
||||
|
||||
[](https://preview.redd.it/q5i5idehhu271.png?width=625&format=png&auto=webp&s=142d55674d695dac5df8ac9561ff0b37c1c9a717)
|
||||
|
||||
You want another Gamma?
|
||||
|
||||
Our in house wrinkle brained [u/Criand](https://www.reddit.com/u/Criand/) just posted a thread [here](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/)
|
||||
|
||||
in his own words a TLDR
|
||||
|
||||
> June 1st has kicked off with the DTC, ICC, OCC auction and wind-down plans officially being in place. This means it is OK to launch the rocket because those three entities are now protected. We're seeing very similar price movements and gamma squeeze signals compared to the previous T+35/T+21 runup that occurred from February 24th to March 10th. This means that we could very well see another gamma squeeze of similar or greater magnitude which would begin to go parabolic around June 9th.Note: This does NOT mean that a gamma squeeze WILL be coming. This is data supporting the fact that it COULD be coming. Do not take this as financial advice, and be aware that if you day trade you could miss the rocket.
|
||||
|
||||
Not saying there will be another Gamma right now, but it seems that there are some markers which would leave one to believe it's at least likely that we see something like that happen again.
|
||||
|
||||
[](https://preview.redd.it/qr5jbuskhu271.png?width=554&format=png&auto=webp&s=26133806662ba0a861c32f8134cedb53decb3d20)
|
||||
|
||||
EXCELLENT!
|
||||
|
||||
Be friendly, help others!
|
||||
|
||||
as always we are here from all different walks of life and all different countries.
|
||||
|
||||
This doesn't matter as we are all apes in here, and apes are friends.
|
||||
|
||||
Doesn't matter if you're a silverback a chimp or a bonobo.
|
||||
|
||||
We help each other, we care for each other.
|
||||
|
||||
Ape don't fight ape, apes help other apes
|
||||
|
||||
this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
|
||||
|
||||
remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
|
||||
|
||||
There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
|
||||
|
||||
We don't care, just be nice and lets make this community as Excellent as we can!
|
||||
|
||||
Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
|
||||
|
||||
[](https://preview.redd.it/1bxcv7wmhu271.png?width=400&format=png&auto=webp&s=93adb3ca499017a7335fcf73eea087b9427c2b2f)
|
||||
|
||||
remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
|
||||
|
||||
If anything happens throughout the day we will be adding it here.
|
||||
|
||||
backups:
|
||||
|
||||
<https://twitter.com/rensole>
|
||||
|
||||
<https://twitter.com/PinkCatsOnAcid>
|
||||
|
||||
<https://twitter.com/RedChessQueen99>
|
||||
|
||||
Countdown to the Annual shareholder meeting 7 days to go
|
||||
|
||||
Edit 1: AnnihilationGod was kind enough to also research the trades starting April 1st, 53,40% of all gme shares traded during market hours were traded short.
|
||||
|
||||
[](https://preview.redd.it/05enpnophu271.png?width=1061&format=png&auto=webp&s=54d729bea3357b40fc71bac085c7e76030d76a4c)
|
||||
|
||||
<https://twitter.com/js76651030/status/1400035934716968963?s=21>
|
||||
|
||||
Edit 2: updated the Short data up top, AG had to make a change so I changed the image.
|
||||
|
||||
in his words:
|
||||
|
||||
> Looks like i got an error in my chart from yesterday - Doesnt change much - forgot to add the short exempt vol to Total short, this increases the number of shorts during market hour. This lead to an amount of 0.5% up to 4.4% of market hours shorts missing in my chart.
|
||||
|
||||
Edit 3: something went wrong with the formatting of the post so redid it.
|
||||
|
||||
Edit 4: DFV tweeted\
|
||||
<https://twitter.com/TheRoaringKitty/status/1400089824015626240>
|
||||
|
||||
The gains so green,
|
||||
|
||||
Skies so blue
|
||||
|
||||
Gamestop is Really great!
|
161
Daily-Synopsis-Archives/2021-06-03-Synopsis.md
Normal file
161
Daily-Synopsis-Archives/2021-06-03-Synopsis.md
Normal file
@ -0,0 +1,161 @@
|
||||
he Daily Stonk 06-03-2021
|
||||
=========================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nr8uzl/the_daily_stonk_06032021/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||
|
||||
[](https://preview.redd.it/6vfsw0r3g0371.png?width=1600&format=png&auto=webp&s=e4455cda2c208b209331282b323ea437a0c81d6d)
|
||||
|
||||
Good Morning San Diago,
|
||||
|
||||
I am Rensole and this is your daily news.
|
||||
|
||||
Does anyone smell that?
|
||||
|
||||
*insert flashy intro card*
|
||||
|
||||
[](https://preview.redd.it/80hzvyw5g0371.png?width=680&format=png&auto=webp&s=f13e3d82941049d7badb8db3b8c4ad6ca11b7ce4)
|
||||
|
||||
0:00
|
||||
|
||||
1:07
|
||||
|
||||
Be sure to vote with your shares, don't think it won't matter because it does, over-voting would show there are lots of things being wrong and would give the company a much needed excuse to call their votes back in.
|
||||
|
||||
Also for the 6/9 (nice) annual shareholders meeting, remember that we will most likely not see a lot happen to the stock immediately after this because if they have something planned (NFT/Dividend/ recounting their own shares etc) it can be mentioned there but could still take some time before it can be implemented.
|
||||
|
||||
Like the NFT is set to launch around the 14th of July, if they were to give a dividend it could also be a few weeks, a recount can take a lot longer though, due to the audit process being very specific it may take a month or maybe longer (I can't say, or imagine, how long auditing the shares would take as this is a scale because the situation unprecedented) and there is a chance the vote count can be doctored to make sure it shows a non accurate vote count, regardless of everything just hodl and wait, as news reports have already stated SHF have list close to 2 billion usd just from Monday till Wednesday, but also these are "paper" losses as there is only an actual loss once they close their positions.
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/>
|
||||
|
||||
Please go out and vote! there are only a few days left that you can, I believe the official cut off date is the 6th.
|
||||
|
||||
[](https://preview.redd.it/58ixaebhg0371.png?width=960&format=png&auto=webp&s=88882a431fbbc1502dee3c0d60ee31dc3b4b231b)
|
||||
|
||||
DTCC Notice - FICC - Requirements for Clearing Members Reset
|
||||
|
||||
The Mortgage-Backed Securities Division ("MBSD") of the Fixed Income Clearing Corporation ("FICC") will reset the CCLF® requirement for all Clearing Members that selected Option 1 or 2 on the Officers' Certificate. The reset will be effective as of July 1, 2021.
|
||||
|
||||
<https://www.dtcc.com/-/media/Files/pdf/2021/6/2/MBS988-21.pdf>
|
||||
|
||||
As [u/criand](https://www.reddit.com/u/criand/) was kind enough to respond on a thread about this:
|
||||
|
||||
> Might not mean anything, these resets are standard every ~6 months. HOWEVER...
|
||||
>
|
||||
> The CCLF increased the liquidity requirement of members earlier this year. The funds help the FICC in the event of a member default. I believe the below post is much more interesting than this reset.
|
||||
>
|
||||
> <https://www.reddit.com/r/GME/comments/mgrx9n/new_dtcc_filing_30_march_recalculating/?utm_medium=android_app&utm_source=share>
|
||||
|
||||
Volume difference
|
||||
|
||||
So I've seen some troll posts talking about how hodling doesn't work, I also found a thread by [u/GoochTainter](https://www.reddit.com/u/GoochTainter/) [here](https://www.reddit.com/r/Superstonk/comments/nqtcd8/hooolllly_fuck_look_at_the_volume_on_january/)
|
||||
|
||||
In January we had movement (volume) that reached into the millions but the past weeks volume has been fairly low in comparisson, How low you ask?
|
||||
|
||||
[](https://preview.redd.it/okqp0nr5h0371.png?width=960&format=png&auto=webp&s=448549f1c56301309eecc93d5c05dbf8a2396f69)
|
||||
|
||||
Look at that, the price is almost at the squeeze levels of January with close to no volume, this is insane! this proves to me (personally) that we are correct about most of the DD we've seen, we've proven that the FTD cycles of both T+21 for regular shorts and T+35 for options are real, we've seen them push other stocks (silver, amc, BB, nok) on MSM while completely ignoring GME and only making posts "15 stocks to make you forget GME" and we've found that our tits are indeed, Jaqued.
|
||||
|
||||
If you own one of those other stocks, awesome I'm genuinely happy for you guys, but remember this is a GME sub, so lets keep those stocks to a minimum, again if you have a correlation between them it's ok to post it here, or a theory how they all connect etc, but not oh look at my XXX stock, the first one is helping, the latter is seen as a distraction.
|
||||
|
||||
[](https://preview.redd.it/h95s8ir5i0371.png?width=960&format=png&auto=webp&s=e0307e0ae5d9ea12459865edba59dfafc3611e30)
|
||||
|
||||
Gamestop confirms release of Q1 results and meeting date
|
||||
|
||||
[](https://preview.redd.it/y9r27ej8i0371.png?width=960&format=png&auto=webp&s=fb6d963fd40936a4563f7c8e2281b20a818f8ab2)
|
||||
|
||||
Now this is a fun one so let's go over this because there is a lot of information in this even if it looks fairly plain from first glance.
|
||||
|
||||
First all the date, 6/9 is the date they also released their Q1 numbers in 2020, so they are keeping the same schedule ( I've seen post saying this is earlier than normal but it seems to be the exact date like last time).
|
||||
|
||||
Last years Q1:<https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-first-quarter-results>
|
||||
|
||||
After this call all the information released by GME HQ will be available on their website
|
||||
|
||||
They will host an Investor conference call at 5 PM ET the same day to review the companies financials.
|
||||
|
||||
The phone number for investor conference call is 877-451-6152 Code to enter is 13720011
|
||||
|
||||
The annual shareholders meeting will be held at 6/9 11 AM ET and will only last 15 minutes
|
||||
|
||||
George Sherman will be attending the physical meeting and the other directors will be there via zoom/skype etc.
|
||||
|
||||
Now what does this all tell us?
|
||||
|
||||
They have a seperate call for the Q1 earnings report (look back at the Q4 call that lasted 20 minutes with sherman phoning it in), this will focus on the direct financial side of things, meaning their actual earnings (duh).
|
||||
|
||||
The Annual shareholders meeting however is a different beast entirely, with this one we can hear a lot of things coming, we can hear the roadmap the company is going to use in the coming years, we can hear how the board will be placed, who will become the new CEO but also one thing that I'd be remiss if I didn't mention
|
||||
|
||||
The Share count, at most we will hear a preliminary counting, because if our theory about the huge amount of phantom shares is true (yes until confirmed by the company its still a theory and yes these numbers can be fucked with before it even gets to the company), the cut off date for counting is the 6th of June, meaning if they get millions more it will take some time to get through this.
|
||||
|
||||
HOWEVER, this is also a good thing, if they can see from preliminary numbers that the sharecount is out of wack, they can get an Auditor, just to make sure the shares are correct.
|
||||
|
||||
Also keep in mind we may not hear everything we want to hear at the shareholders meeting because after this meeting GME will be more "free" to discuss which direction they want to go into and the "silent" period for the company may be over.
|
||||
|
||||
[](https://preview.redd.it/jp2wyi3xk0371.png?width=960&format=png&auto=webp&s=6e18421628127d5cd273b0b965dcbcd76703961b)
|
||||
|
||||
Remember my Favorite book series?
|
||||
|
||||
[](https://preview.redd.it/gnrd8lo3l0371.png?width=242&format=png&auto=webp&s=6b54ec77d30baa123ef78e87da1226e7810366f4)
|
||||
|
||||
Expect it, just saying, I'm constantly waiting to get a rug pull as a last sort of hail mary, but the awesome part is that I can see in the posts that I'm far from the only one and I've seen a lot of people discussing "what could they do next?" which is awesome because last time we foresaw them pulling the rug at 300 and everyones reaction was just "oh... ok, so hodl?"
|
||||
|
||||
No one panics if everything goes to plan - weird clown guy
|
||||
|
||||
Also Yes I realise the news is fairly... "short" today, I expect it to become less and less as we get nearer to the shareholders meeting, this because well the company wont say shit now they'd rather bring it to the table on the annual shareholder meeting right?
|
||||
|
||||
So the only things I'd be able to get is information from the DTC/DTCC/FINRA/FINTEL/ and Data provided by awesome members we have here and outside of the sub. so don't worry we're just in a period that's called a "silent period" which a company usually has before meetings like this.
|
||||
|
||||
We don't know what the annual shareholders meeting will bring, but I'm excited as all hell.
|
||||
|
||||
(also little side note, keep in mind we wont see shit happen on the Annual shareholder meeting because its after market close, we'll see the affects of it in the days/weeks after it 😉)
|
||||
|
||||
So stay classy, stay Jaqued!
|
||||
|
||||
[](https://preview.redd.it/2thk8upcm0371.png?width=554&format=png&auto=webp&s=c6a0195860eb788c0fa04f4ddd36fdb5a7e2c3c5)
|
||||
|
||||
EXCELLENT!
|
||||
|
||||
Be friendly, help others!
|
||||
|
||||
as always we are here from all different walks of life and all different countries.
|
||||
|
||||
This doesn't matter as we are all apes in here, and apes are friends.
|
||||
|
||||
Doesn't matter if you're a silverback a chimp or a bonobo.
|
||||
|
||||
We help each other, we care for each other.
|
||||
|
||||
Ape don't fight ape, apes help other apes
|
||||
|
||||
this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
|
||||
|
||||
remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
|
||||
|
||||
There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
|
||||
|
||||
We don't care, just be nice and lets make this community as Excellent as we can!
|
||||
|
||||
Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
|
||||
|
||||
[](https://preview.redd.it/b7ho3lbfm0371.png?width=400&format=png&auto=webp&s=3fe0efea8f6fd42e751aa468a6eb0060d92a4c6d)
|
||||
|
||||
remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
|
||||
|
||||
If anything happens throughout the day we will be adding it here.
|
||||
|
||||
backups:
|
||||
|
||||
<https://twitter.com/rensole>
|
||||
|
||||
<https://twitter.com/PinkCatsOnAcid>
|
||||
|
||||
<https://twitter.com/RedChessQueen99>
|
||||
|
||||
Countdown to the Annual shareholder meeting 6 days to go
|
163
Daily-Synopsis-Archives/2021-06-04-Synopsis.md
Normal file
163
Daily-Synopsis-Archives/2021-06-04-Synopsis.md
Normal file
@ -0,0 +1,163 @@
|
||||
The Daily Stonk 06-04-2021
|
||||
==========================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/rensole](https://www.reddit.com/user/rensole/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ns0ngh/the_daily_stonk_06042021/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||
|
||||
[](https://preview.redd.it/h4yf2ga1m7371.png?width=1600&format=png&auto=webp&s=141c39c84ace8e358ed7dd0e8dbc0a63768c03e0)
|
||||
|
||||
Good Morning San Diago,
|
||||
|
||||
I am Rensole and this is your daily news.
|
||||
|
||||
Does anyone smell that?
|
||||
|
||||
*insert flashy intro card*
|
||||
|
||||
[](https://preview.redd.it/5959ao23m7371.png?width=680&format=png&auto=webp&s=d5dfef5ad7866f3691b9cbc9640db9f0613da721)
|
||||
|
||||
0:00
|
||||
|
||||
1:07
|
||||
|
||||
Be sure to vote with your shares, don't think it won't matter because it does, over-voting would show there are lots of things being wrong and would give the company a much needed excuse to call their votes back in.
|
||||
|
||||
Also for the 6/9 (nice) annual shareholders meeting, remember that we will most likely not see a lot happen to the stock immediately after this because if they have something planned (NFT/Dividend/ recounting their own shares etc) it can be mentioned there but could still take some time before it can be implemented.
|
||||
|
||||
Like the NFT is set to launch around the 14th of July, if they were to give a dividend it could also be a few weeks, a recount can take a lot longer though, due to the audit process being very specific it may take a month or maybe longer (I can't say, or imagine, how long auditing the shares would take as this is a scale because the situation unprecedented) and there is a chance the vote count can be doctored to make sure it shows a non accurate vote count, regardless of everything just hodl and wait, as news reports have already stated SHF have list close to 2 billion usd just from Monday till Wednesday, but also these are "paper" losses as there is only an actual loss once they close their positions.
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/>
|
||||
|
||||
Please go out and vote! there are only a few days left that you can, I believe the official cut off date is the 6th.
|
||||
|
||||
[](https://preview.redd.it/3x052r4im7371.png?width=680&format=png&auto=webp&s=5300c8a9122c11248fe20fbf7470b3ce96c49488)
|
||||
|
||||
Reverse Repo
|
||||
|
||||
And it's back up ladies and gentlemen, as of 6/3/2021 it has increased back to $479B with only 40 counterparties. This nearly matches the all-time-high with 13 less members meaning they'll soon be hitting that sweet 80 billion limit, after that... no clue what will happen.
|
||||
|
||||
[](https://preview.redd.it/sczlf0byr7371.png?width=960&format=png&auto=webp&s=1a1c4bf1823a49836a96bd7a54b474a73c1c3faf)
|
||||
|
||||
*plays it's always sunny in Philadelphia theme*
|
||||
|
||||
Morning Sunshine
|
||||
|
||||
It seems that the SEC meeting of the sunshine act finally went through, this meeting was cancelled about 5 or 6 times in the past months, but it's only Gary's 7th week, he can't be expected how to do meetings so fast.
|
||||
|
||||
<https://www.sec.gov/news/upcoming-events/closed-meeting-060321>
|
||||
|
||||
OCC-2021-003 to be implemented TODAY
|
||||
|
||||
[](https://preview.redd.it/vl3ndaupo7371.png?width=828&format=png&auto=webp&s=d9a8cf35a74a778482f27e3db09465e81f61c711)
|
||||
|
||||
Kowalski? Boom?
|
||||
|
||||
[](https://preview.redd.it/hi3bafhan7371.png?width=960&format=png&auto=webp&s=adb25fe649f22f9fd13e2b0330987715946ecdfa)
|
||||
|
||||
Also this one is still missing
|
||||
|
||||
When someone gives you a Jeffrey
|
||||
|
||||
Ok seems someone found something big yesterday <https://www.reddit.com/r/Superstonk/comments/nrgdlo/this_is_huge_news_investment_banking_company/>
|
||||
|
||||
The tldr is Investment banking Company Jeffries suspends short sells on GME AMC and MVIS
|
||||
|
||||
Jeffries is a prime broker, and is used by GME for their Share offerings, so they are not the biggest player, but big imo nonetheless.
|
||||
|
||||
His thread has a bit more details so if you'd like to know more I'd advise checking that out ;)
|
||||
|
||||
[](https://preview.redd.it/nsqhaqmuq7371.png?width=640&format=png&auto=webp&s=ab894aa5b3b1a7809f1b544c1f4b33e8eaa1c751)
|
||||
|
||||
Gamestop 10k filing from march
|
||||
|
||||
[](https://preview.redd.it/ijtz8au6o7371.png?width=600&format=png&auto=webp&s=75be5571808d0a52c98e85e61ebb9e2e4ea8a0d2)
|
||||
|
||||
Now onto something a bit more speculative
|
||||
|
||||
TWEETS!
|
||||
|
||||
Going to be honest seeing [u/deepfuckingvalue](https://www.reddit.com/u/deepfuckingvalue/) shitpost memes again, I just love it but lets focus on our boy RC first,
|
||||
|
||||
[](https://preview.redd.it/sfrfkr3kp7371.png?width=462&format=png&auto=webp&s=feb60a05885200a78fda27f32a56a1ec7d0897af)
|
||||
|
||||
I personally think that R.I.P. Dumb ass is litteral, there is no hidden meaning here other then he's finished the backroom stuff and is now just gloating, the dumb ass who tried to fuck GME over are now on the brink of collapse themselves.
|
||||
|
||||
Now the Sears being demolished is a tricky one as there are a lot of different options as to what it can pertain to.
|
||||
|
||||
it could be a link to the SEC's ARS
|
||||
|
||||
[](https://preview.redd.it/da8sfmchq7371.png?width=640&format=png&auto=webp&s=e7b9c1bc7187712261cf3bd65b9def33bb2211d7)
|
||||
|
||||
credit to u/piefke_
|
||||
|
||||
it could be how Sears had it's downfall in 2018 <https://www.investopedia.com/news/downfall-of-sears/>
|
||||
|
||||
or it could be a cheeky reference with the "Rip Dumb ass" tweet that this is slowly happening to the SHF
|
||||
|
||||
[](https://preview.redd.it/jdx30oq0r7371.png?width=960&format=png&auto=webp&s=2e88d5d1141bd7f2a6f477d807d4149c00aae4cf)
|
||||
|
||||
Now onto some exciting news
|
||||
|
||||
[](https://preview.redd.it/hf7r4xc5r7371.png?width=960&format=png&auto=webp&s=f3fbf1d1da6be19399f8060ee5aa72ad45b07f59)
|
||||
|
||||
4 Trading days left
|
||||
|
||||
There are only 4 trading days left until the annual shareholder meeting. Again I'd say expect fuckery as always, expect them trying to tank the price, expect idiots spreading FUD expect everything.
|
||||
|
||||
But I'm still bullish for the Annual shareholders meeting, Again I personally don't expect them to know the full amount of naked shares out there by then, but I do expect some sort of message saying they're officially going to look into it, I'm expecting a roadmap of the future of the company, I expect some AWESOME Q1 numbers (with the hype that's been on GME since early jan, the amount of consoles bought of the new cycle, nintendo switches donated to childrens hospitals, apes saying "nah not going to amazon I'll get it from GME", all that combined will make for some killer announcements and earnings.
|
||||
|
||||
I'm Jaqued because of this alone.
|
||||
|
||||
But do keep in mind, if you were on the other side, you'd try to stretch the inevitable until you couldn't anymore and it just blows up, so don't expect anything to happen on the day itself, as I've seen here on the sub many a times
|
||||
|
||||
"it can be the best day ever, or it can be just another ordinary day"
|
||||
|
||||
so.. be Jaqued, but only to about 60%, we can party once this is over 😉
|
||||
|
||||
[](https://preview.redd.it/y8eg6szjs7371.png?width=554&format=png&auto=webp&s=46ecd2471dd9ea27f05ebfa006357b7caa2c3482)
|
||||
|
||||
EXCELLENT!
|
||||
|
||||
Be friendly, help others!
|
||||
|
||||
as always we are here from all different walks of life and all different countries.
|
||||
|
||||
This doesn't matter as we are all apes in here, and apes are friends.
|
||||
|
||||
Doesn't matter if you're a silverback a chimp or a bonobo.
|
||||
|
||||
We help each other, we care for each other.
|
||||
|
||||
Ape don't fight ape, apes help other apes
|
||||
|
||||
this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.
|
||||
|
||||
remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
|
||||
|
||||
There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
|
||||
|
||||
We don't care, just be nice and lets make this community as Excellent as we can!
|
||||
|
||||
Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base.
|
||||
|
||||
[](https://preview.redd.it/wleo70tms7371.png?width=400&format=png&auto=webp&s=03bfc62b5516d1d32306ca061f3f373da44bf307)
|
||||
|
||||
remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers.
|
||||
|
||||
If anything happens throughout the day we will be adding it here.
|
||||
|
||||
backups:
|
||||
|
||||
<https://twitter.com/rensole>
|
||||
|
||||
<https://twitter.com/PinkCatsOnAcid>
|
||||
|
||||
<https://twitter.com/RedChessQueen99>
|
||||
|
||||
Countdown to the Annual shareholder meeting 5 days to go, and only 4 trading days, LETSGOOO! LFG
|
@ -0,0 +1,13 @@
|
||||
US consumer prices at highest level since 2008 and core inflation at highest level since 1995
|
||||
=============================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/d14m0ndh4nd5](https://www.reddit.com/user/d14m0ndh4nd5/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nansur/us_consumer_prices_at_highest_level_since_2008/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
|
||||
|
||||
[](https://i.redd.it/w0uaecjtqoy61.jpg)
|
@ -1,122 +0,0 @@
|
||||
Citadel Securities Has Over $57,500,000,000 In Open Short Positions On Its Books... I Think I Found Out What Happened In January, and Why Trading Was Halted...
|
||||
===============================================================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/ThatGuyOnTheReddits](https://www.reddit.com/user/ThatGuyOnTheReddits/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n7g5gp/citadel_securities_has_over_57500000000_in_open/) |
|
||||
|
||||
---
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
<https://imgur.com/MWZFUUe>
|
||||
|
||||
<https://sec.report/Document/0001616344-21-000004/>
|
||||
|
||||
I see you Kenny. I used to think that you were just a bystander in this, and caught up in your friends bad bets; you turned out to be the main villain.
|
||||
|
||||
And $57,500,000,000 (billion with a B... that's 57 thousand million for all the non-US apes) is the bare minimum you owe. Why do I know this? Because it's on your annual frickin' report, and you spend 12 months a year cooking those numbers to look as positive as possible to your investors. You don't put your worst numbers in a published report...
|
||||
|
||||
What were your short positions from the year before?
|
||||
|
||||
<https://sec.report/Document/0001146184-20-000006/>
|
||||
|
||||
$27.5b...
|
||||
|
||||
You doubled your position last year, Kenny.
|
||||
|
||||
* * * * *
|
||||
|
||||
Citadel claims on their own page that they process over 25% of all market trades, and close to 50% of all retail trades.
|
||||
|
||||
<https://www.citadelsecurities.com/products/equities-and-options/>
|
||||
|
||||
Our automated equities platform trades approximately 26% of U.S. equities volume across more than 8,900 U.S.-listed securities and trades over 16,000 OTC securities. We execute approximately 47% of all U.S.-listed retail volume, making us the industry's top wholesale market maker.
|
||||
|
||||
In this post: <https://old.reddit.com/r/Wallstreetbetsnew/comments/m6xehe/robinhood_the_missing_link/> - I talked about how RobbingYourAss and Citadel are engaging in CFD-like activities; legally floating orders to close at better prices, if you will. I believe Citadel's annual report just solidified that, in my mind.
|
||||
|
||||
*Note: Understand, I'm not exactly talking about rehypothecation or naked shorting of any individual company here... I believe he's issuing short shares "legally" under his Market Making abilities... *
|
||||
|
||||
* * * * *
|
||||
|
||||
Citadel's plan is to route as much of retails orders through its system as possible, and issue a short share for whatever trade is sent to them through a retail platform.
|
||||
|
||||
70-90% of retail trades lose money. By issuing a short share on the trade instead of locating a real share to transact, they are simultaneously "providing liquidity", while also betting directly against retail. It used to be a hugely safe bet. It was making money both ways. They collect free money on the share sale, make money by selling off the short positions in a bond (more on this in a second), and make money by the separate entities holding the short positions while Citadel Securities continues to drive the price down.
|
||||
|
||||
But then retail won a bet. And not just one bet, but they won multiple bets simultaneously. In late January, multiple stocks spiked at the same time: Gamestop, Nokia, AMC, BlackBerry, etc...
|
||||
|
||||
* * * * *
|
||||
|
||||
THAT is why Citadel had to shut down trading, and why RobbingYourMum only shut down trading on specific stocks. And THAT is why we just heard in the last congressional hearing directly from the DTCC, that the DTCC did NOT raise margin requirements and cause a halt to any trading.
|
||||
|
||||
Citadel, as the market maker for 50% of all retail trades, was short on positions that were processed through RubbingYourCuck... and every single position went up huge at the exact same time. Citadel was caught on the line for every single short position that they created and that was held by RibbedCondom users.
|
||||
|
||||
And they still are.
|
||||
|
||||
They were providing liquidity to retail the entire time before the squeeze at the pre-squeeze prices.
|
||||
|
||||
And yes, I already hear you: "But those short positions could just be their daily market making activity and completely normal in a day-to-day operation."
|
||||
|
||||
The truth is: It doesn't matter.
|
||||
|
||||
* * * * *
|
||||
|
||||
It only matters that those positions existed before the squeeze. The initial run-up happened so fast that there was no time to reverse their positions. The prices went up by multiples in a single day. Any short position they held, they were now locked in to.
|
||||
|
||||
And that's assuming that every share purchased *during* the run-up, also wasn't just short shares going out the door. Citadels page states:
|
||||
|
||||
"Our automated equities platform trades approximately 26% of U.S. equities volume across more than 8,900 U.S.-listed securities and trades over 16,000 OTC securities. We execute approximately 47% of all U.S.-listed retail volume, making us the industry's top wholesale market maker."
|
||||
|
||||
Automated.
|
||||
|
||||
If they had the automated system programmed to create a short position for a percentage of all retail shares routed to it... THAT explains why trading was completely shut off. The system was just generating short shares the entire time, and Citadel was (and is) the one on the line for all of it. THAT is also why they allowed selling and not buying. It allowed them to try and purchase back their shares at the same prices they shorted them at, with no buying interference.
|
||||
|
||||
Know what the best part of all this is?
|
||||
|
||||
That $57,500,000,000 was what they had on the books as of 12/20/20... it doesn't even count what happened in January.
|
||||
|
||||
* * * * *
|
||||
|
||||
Kenny, my man... Exactly how deep are you right now?...
|
||||
|
||||
If Citadel executes 50% of all retail trades, and there were 800,000,000 trades on GME alone between Jan 21 and Jan 29 (<https://finance.yahoo.com/quote/GME/history?p=GME>)... how many of those 400,000,000 shares did you short to provide liquidity, Kenny? How many did you cover?...
|
||||
|
||||
How many are still owed after exercising all of your options for the last 4 months?
|
||||
|
||||
Is that why Citadels corporate bonds were rated BBB-? The absolute lowest rating you can get for investment grade bonds? Is it because your updated liabilities page looks like a raging dumpster fire?
|
||||
|
||||
That is why Citadel keeps being called out by name in the congressional hearings and being asked if they should be allowed to fail. Because I now firmly believe that Citadel is the ultimate bagholder of all of this.
|
||||
|
||||
* * * * *
|
||||
|
||||
Remember, not only did Citadel bail out Melvin to avoid the margin call dominoes from falling, Citadel Advisors also personally lost over 3% of their worth in January alone (what was reported): <https://markets.businessinsider.com/news/stocks/here-are-the-hedge-fund-winners-and-losers-amid-januarys-gamestop-mania-2021-2-1030034341>
|
||||
|
||||
Citadel Advisors showed $234bil in AUM in 05/01/20: <https://aum13f.com/firm/citadel-advisors-llc>
|
||||
|
||||
(Remember, Citadel Advisors is separate from Citadel Securities)
|
||||
|
||||
If they lost 3%, that's $7,000,000,000 in losses in January alone, not counting the Cohen bailout.
|
||||
|
||||
So how do I think Citadel Advisors and Melvin Capital wound-up holding short positions created by Citadel Securities if there is supposed to be a firewall between the two of them? By re-packaging the short positions and selling themselves collateralized trust bonds. Crazy Melon ([u/sydneyfriendlycub](https://www.reddit.com/u/sydneyfriendlycub/)) has a very well-written group of posts about it here: <https://old.reddit.com/r/GME/comments/n2hjnk/33_the_ultimate_dd_guide_to_the_moon_crazy_melon/>
|
||||
|
||||
Citadel Securities would sell short positions to facilitate liquidity on retail trades, and simultaneously bet against retail. Citadel Securities would package those short positions in Collateralized Trust Bonds, and sell those bonds to Citadel Advisors and Melvin Capital.
|
||||
|
||||
That would get the short positions off of Citadel Securities books, effectively "covering" them, and allow them to show FINRA a lower short position holding. They then use their Market Maker status to continue issuing shorts on a stock like GME, causing the price to fall, and the short positions of Melvin and Citadel Advisors to go up in value. It was an infinite money glitch, until retail won a trade.
|
||||
|
||||
* * * * *
|
||||
|
||||
Want proof of more insider fuckery?
|
||||
|
||||
Explain to me how Melvin just filed an amended report, showing that he magically found a holding position of $121,500,000 worth of PUT options of VIACOM from December, right after the Archegos liquidation happened?
|
||||
|
||||
<https://www.sec.gov/Archives/edgar/data/1628110/000090571821000618/xslForm13F_X01/infotable.xml>
|
||||
|
||||
I'm sure that the SEC finds that reporting those puts 4 months after the due date is completely normal... considering the circumstances.
|
||||
|
||||
Sorry to cut this off abruptly, but I'm tired and the screen is going hazy. Time for ape to sleep. If I tie anything else together, I'll be sure to break the tin-foil hat back out later.
|
||||
|
||||
If I got anything wrong that you think needs attention, lemme know so I can edit it. I like my conspiracy theory, but it doesn't mean its 100% correct.
|
||||
|
||||
TL;DR:
|
||||
|
||||
Heg r fuk
|
@ -0,0 +1,52 @@
|
||||
Daily Heat Map of Citadel (and Melvin's) Long Holdings --- May 11 2021
|
||||
====================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/HODLTheLineMyFriend](https://www.reddit.com/user/HODLTheLineMyFriend/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/na9xwb/daily_heat_map_of_citadel_and_melvins_long/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[𝗗𝗮𝘁𝗮](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%97%97%F0%9D%97%AE%F0%9D%98%81%F0%9D%97%AE%22&restrict_sr=1)
|
||||
|
||||
Here's what today's heat map looks like for Citadel's long holdings at market close. I went ahead and gathered up Melvin's as well, and created a second heat map. There's a lot of overlap between them, but enough differences to be interesting. Citadel has $200B AUM, while Melvin has/had $22B, so Citadel has 10x the influence on prices, if/when they are liquidating.
|
||||
|
||||
[](https://preview.redd.it/gmnt2mcxjky61.png?width=1628&format=png&auto=webp&s=d107f73dc8e112497a00f94a466ee28e1cc71850)
|
||||
|
||||
Citadel holdings at COM May 11 2021
|
||||
|
||||
As I suspected they might, HD and PG both took a dive today. Also, there were declines in their bank stocks, Disney, and all their healthcare, while tech stocks made a limited comeback. Their Zoom and BABA holdings did well, while the FAANG stocks were mixed today.
|
||||
|
||||
While looking at supplemental reports in 13D/13G reports since Feb 16, Citadel has been on a buying spree of SPACs. Not sure what they're up to there, but the list is long: [Citadel 13D/13G](https://www.insidermonkey.com/hedge-fund/citadel+investment+group/44/latest-13dg-filings/#/). They slowed down after April 21, when the SEC announced that they would have to treat them as liabilities, not assets. [SEC Ruling news](https://247wallst.com/investing/2021/04/13/how-sec-ruling-cuts-spacs-action/)
|
||||
|
||||
Melvin's heatmap for today:
|
||||
|
||||
[](https://preview.redd.it/ncds01kzjky61.png?width=1623&format=png&auto=webp&s=2a763db3f779423ae8eda6ad77250cd7925ef1a2)
|
||||
|
||||
Melvin holdings at COM May 11 2021
|
||||
|
||||
I also researched Susquehanna International Group, but they have very few longs to look at. I'll keep digging to see if I'm missing something. They might be exclusively short, so they don't have to disclose in a 13F.
|
||||
|
||||
I researched Virtu Financial, but they seem to be more of an HFT and market maker and don't publish much in terms of long positions. They only publish in their 13F a $1B portfolio, with a sprinkling of index funds, SPACs, and Docusign, altogether maybe 5% of their reported total portfolio. I wonder if they're exclusively shorts, which they don't have to disclose. That might make them the weakest of the SHFs, if they're also naked shorting.
|
||||
|
||||
Jane Street Group is almost entirely in options, with huge parts of its $200B portfolio on both calls/puts on Tesla, Amazon, SPY, BABA, IEF, GLD, Netflix, Apple, Nvidia, Shopify, Salesforce, the list goes on. They even bought PUTs on Berkshire Hathaway? Betting against Berkshire Hathaway? The overlap in their puts/calls with Citadel's long holdings is REMARKABLE, ie. not a coincidence in my book. Almost every ticker can be found in both, except that Jane Street is playing derivatives only. Disney, Adobe, Salesforce, Google, Boeing, Micron. It's weird. Any wrinkly apes with ideas on their connections to Citadel please speak up.
|
||||
|
||||
As before, I like to share my sources:\
|
||||
[Citadel Investment Group 13F](https://www.insidermonkey.com/hedge-fund/citadel+investment+group/44/holdings/#/)\
|
||||
[Susquehanna 13F (note pocket change of shares)](https://www.sec.gov/Archives/edgar/data/1765924/000176592421000001/xslForm13F_X01/file.XML)\
|
||||
[Jane Street Group holdings](https://www.insidermonkey.com/institutional-investor/jane+street+group+llc/601711/holdings/)\
|
||||
[Virtu Financial holdings](https://www.insidermonkey.com/institutional-investor/virtu+financial+llc/769/holdings/)
|
||||
|
||||
And here's yesterday's update:\
|
||||
<https://www.reddit.com/r/DDintoGME/comments/n9jrif/daily_heat_map_of_citadels_long_holdings/>
|
||||
|
||||
To the moon! 🚀🚀🚀
|
||||
|
||||
---
|
||||
|
||||
Edit: As [u/bbbooneville](https://www.reddit.com/u/bbbooneville/) suggested, it might be of particular interest to also look at just the largest long positions of Melvin, as they are the most lightly capitalized of the known shorts ($2.75B infusion from KG/Steve Cohen), so their liquidation is likely to be first. I just pulled a list of their top long holdings and then removed Visa, MasterCard, and Facebook, as their massive market caps mean any Melvin move wouldn't shift the price much. Enjoy!
|
||||
|
||||
[](https://preview.redd.it/77167y90tky61.png?width=1501&format=png&auto=webp&s=c1f751650be769bfaba90f31ad29fcb11eb94dac)
|
||||
|
||||
It's kinda red out there today, almost a Brick Red kind of shade...mmm...
|
@ -0,0 +1,43 @@
|
||||
Citadel and the Manhattan D.A.
|
||||
==============================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/kamperez](https://www.reddit.com/user/kamperez/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nse7sj/citadel_and_the_manhattan_da/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
I realize this might be bumping up against Rule 5 since it's kind of removed from $GME, but bear with me because I think this is something we should all be aware of and which may have a huge impact on the epilogue of the MOASS saga. Now, I don't know anything about finance, so I usually just lurk, reading DD and confirming my bias. But I *do* know about the law and I think I happen to find myself in middle of a Venn-diagram you apes might find interesting. That being the Manhattan District Attorney Race.
|
||||
|
||||
We've all seen the legal and regulatory walls closing in on the hedgies lately. They're working through the night doing... what exactly? There doesn't seem to be a way out, so why bother moving chairs on the titanic? Suppose for argument's sake that the point is to buy time to shield assets from the eventual bankruptcy of these funds. Certainly isn't hard to imagine, you can bet these people already move their money to avoid scrutiny or taxes, this is no different. But the issue is that even if you were to somehow protect your entire fortune, it means nothing when you land in prison.
|
||||
|
||||
So what do rich people do to avoid paying for their crimes? They buy politicians! And who is Citadel's politician of choice? I present to you: Tali Farhadian Weinstein.
|
||||
|
||||
[](https://preview.redd.it/mzenks2mva371.png?width=2863&format=png&auto=webp&s=6ec935099e881c5614ab0802e25d2c429300ba01)
|
||||
|
||||
https://publicreporting.elections.ny.gov/ContributionsByRecipient/ContributionsByRecipient
|
||||
|
||||
That's Kenny G himself and Pablo Salame, the head of global credit at Citadel donating to Ms. Weinstein ($35,000 is the statutory maximum you can give). Bear in mind, Kenny G has donated over 100 million to the GOP over the past few years, he's donated hundreds of thousands to republicans in NY state races, so why is he donating to a democrat in a county primary? The Manhattan District Attorney is a unique position to prosecute financial crimes, they have jurisdiction over Wall Street. The more interesting question, though, is why Tali Weinstein?
|
||||
|
||||
Tali Weinstein is the wife of [Boaz Weinstein](https://www.institutionalinvestor.com/article/b1m3lx01dnj9mq/Boaz-Weinstein-Is-Making-Bank-He-s-Not-Happy-That-You-Know-About-It), founder and manager of Saba Capital. The couple lives in a $25.5 million apartment. It is very clear from the vast amounts of money she's raising that she if very close with the ultrawealthy and is aptly named [Wall Street's Chosen Candidate](https://gothamist.com/news/wall-street-has-chosen-its-candidate-heated-race-district-attorney-tali-farhadian-weinstein).
|
||||
|
||||
Lest you think these rich people are funding her because of her qualifications, it's worth noting Weinstein has "[never practiced [law] in Manhattan](https://www.5bd.org/tali-farhadian-weinstein/)" and has "[significant gaps in her understanding](https://www.5bd.org/tali-farhadian-weinstein/)" of the issues faced by a Manhattan DA. She's running as a democrat, but only [registered as one](https://twitter.com/SamMellins/status/1400076074810327040) in 2017 and has never voted in an election for D.A., or even mayor (she will actually be the first county official she votes for). And, of course, she was courted by [Trump](https://www.nytimes.com/2021/06/02/nyregion/manhattan-district-attorney-trump.html) to become a judge, so that tells you all you need to know about her Democrat credentials.
|
||||
|
||||
The point of all of this is there are going to be a lot of very wealthy people in some legal hot water in the next couple of months, and the Manhattan District Attorney is going to be one of the few people who can actually turn up the heat on them. For *some unknown reason,* though, those ultrawealthy people have all chosen an unqualified, Trump-aligned, ultra-wealthy candidate to shower with their unprecedented support.
|
||||
|
||||
So, BUY, HODL, VOTE.
|
||||
|
||||
And if you're a Manhattan ape, make sure you also VOTE in the primaries on 6/22!
|
||||
|
||||
EDIT TO ADD:
|
||||
|
||||
TL;DR: Citadel is contributing big $$$ to a NY DA candidate. The candidate has no prior experience or extensive knowledge that should be had with this position. She is closely connected to extreme wealth and if elected would be the one with power to hold these criminals feet to the fire. (thanks, [u/bloodshot_blinkers](https://www.reddit.com/u/bloodshot_blinkers/))
|
||||
|
||||
EDIT 2:
|
||||
|
||||
Taking [u/EmoeyJoey](https://www.reddit.com/u/EmoeyJoey/)'s suggestion and adding for those of you wondering what to do about this: if you're in Manhattan, vote in the primaries . If you know anyone in Manhattan, encourage them to vote. Consider donating to Weinstein's opponents. Don't take my word for it, but being a prosecutor myself and having obsessed over that list of donors for a long time, I think Eliza Orlins is the one for the job. Her campaign is entirely grassroots, she's not in the pocket of the wealthy. I've actually been volunteering for her campaign as a result (full disclosure in case you look me up and think this was all a paid ad or something)
|
||||
|
||||
And of course, get ready to raise hell post MOASS if Tali wins.
|
300
Jungle-Beat-Archives/2021-06-01-Jungle-Beat.md
Normal file
300
Jungle-Beat-Archives/2021-06-01-Jungle-Beat.md
Normal file
@ -0,0 +1,300 @@
|
||||
The Jungle Beat- Tuesday 06-01-2021- DFV RETURNS, ALL STAR AMA, and MORE! 🚀🚀🚀
|
||||
================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nq3jw7/the_jungle_beat_tuesday_06012021_dfv_returns_all/) |
|
||||
|
||||
---
|
||||
|
||||
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||
|
||||
*This piece will be posted at 4:20 pm NYSE time every trading day!*
|
||||
|
||||
[](https://preview.redd.it/edyt4p4xjo271.png?width=1426&format=png&auto=webp&s=4b0e3095dcb23e3a19183f9f81cac69e004d94bd)
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
🎶🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤🎶
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
$GME Closing Price: $249.02
|
||||
|
||||
Open Price: $233.51
|
||||
|
||||
Daily High: $254.95
|
||||
|
||||
Daily Low: $227.07
|
||||
|
||||
Volume: 9.35 MM
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
✏🚌 GME 101 🍎🖍
|
||||
|
||||
*If you're new to Superstonk, start here!*
|
||||
|
||||
[](https://preview.redd.it/yx44si56dp271.jpg?width=1079&format=pjpg&auto=webp&s=2cf3586300412671d3e92158cc7934cc100c10ca)
|
||||
|
||||
WeBull's $GME rating 06-01-2021
|
||||
|
||||
[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F)
|
||||
|
||||
[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index)
|
||||
|
||||
[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)
|
||||
|
||||
[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/)
|
||||
|
||||
*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!*
|
||||
|
||||
Also, as you probably know, [u/Atobitt](https://www.reddit.com/u/Atobitt/) has dropped HOC II&III. Pretty sure it crashed reddit when it dropped!! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
🎮 Game Stop 🛑
|
||||
|
||||
If you haven't yet, you need to read [this VIP (Very Important Post)](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/) by [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/)**. Every ape must read!**
|
||||
|
||||
[](https://preview.redd.it/xkrglcsfxo271.png?width=2084&format=png&auto=webp&s=0214e588471e036a282ed27436896ac68b16afaa)
|
||||
|
||||
So last night we kicked off SATORI, our shill detecting AI.
|
||||
|
||||
Here to answer ape's questions is our wonderful ape-bassador, [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) with this awesome TL;DR FAQ:
|
||||
|
||||
Howdy apes! [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) here! As the Ape-bassador, it brings me real joy to see how excited everyape is about this. I can assure you, the mod team is equally excited. This new endeavor has a lot of potential, and I cannot wait to see it in action. That being said, the point of this sticky comment is to answer some of the questions (paraphrased) apes are having about Satori. I will be updating this sticky comment as I find more questions to answer. 🙏
|
||||
|
||||
Q: I haven't been approved yet, does that make me a shill?
|
||||
|
||||
A: *No, ape, it does not. Satori is approving apes in waves, and likely has not gotten to you yet. Just hodl on and all will be well.*
|
||||
|
||||
Q: What if the new bot overlords get carried away?
|
||||
|
||||
A: *I also fear potential technological overlords, fellow ape! Because of this, I asked the dev team for a LOT of clarifications on function, method, and execution. Obviously I can't say too much, but please have my assurance that the mod team is able to turn it off any time. Additionally, mods are able to prompt it to do things, or prevent it from doing things, or even undo things it has done. Again, anytime mods feel it is required.*
|
||||
|
||||
Q: How long will it take Satori to get through the waves of approvals?
|
||||
|
||||
A: *Sorry, fellow ape, you'll just have to be patient. Mods played this one close to the vest for a reason, and to give away extra info now would be counter-productive.*
|
||||
|
||||
Q: Does Satori work retroactively or will it just look at the content on Superstonk moving forward?
|
||||
|
||||
A: *Yes. Both. Satori looks at ALL publicly available posts and comments on the sub.*
|
||||
|
||||
Q: How does approval work? Do I need to do anything?
|
||||
|
||||
A: *Just sit back and relax. Approval will come automatically; no action is required.*
|
||||
|
||||
Q: Why was Satori approved without unanimous approval from the mods?
|
||||
|
||||
A: *This is a fair and honest question, and I believe apes deserve to know the answer. The final vote tally was 10 for; 0 against; 2 abstain. Unfortunately, sometimes IRL events prevent mods from voting (decisions need to be made in a timely manner, after all), hence why not all mod votes are accounted for.*
|
||||
|
||||
Q: What if my karma/age requirements are already high enough, do I still need to be approved? What if I do not receive approval, does that mean I get banned?
|
||||
|
||||
A: *The approval process is to allow apes without the karma/age requirements the ability to participate in the sub. If you already have the required age/karma, AND if you do not get banned, there is nothing to fret over. Just carry on like Satori isn't even there.*
|
||||
|
||||
Q: What sort of transparency exists between mods for how Satori is used?
|
||||
|
||||
A: *All mods have access to the equivalent of a mod log for Satori. We can all see what actions it, and each other, take.*
|
||||
|
||||
Q: Will Satori continue monitoring users after they have been approved?
|
||||
|
||||
A: *Yes. Yes it will.*
|
||||
|
||||
Q: If Satori is going to be banning users, should we expect to see a drop in membership?
|
||||
|
||||
A: *This is entirely plausible, though the number of bans would have to exceed the number of new apes coming in daily. Don't be surprised if there is a dip, but also don't be surprised if there is not.*
|
||||
|
||||
Q: Can mods release info on the actions taken by Satori, like how many users were approved, how many users were banned, how many posts were deemed FUD-y, etc.?
|
||||
|
||||
A: *The dev team is meeting next Tuesday to review their first week of results. I won't have any additional info regarding this question until then. Stay tuned.*
|
||||
|
||||
Q: Is the requirement age AND karma, or is the requirement age OR karma (whichever is greater)?
|
||||
|
||||
A: *This is an AND scenario. Apes must have the necessary age AND karma requirements to comment/post. Lacking either will result in automod action unless the ape has been approved by Satori already.*
|
||||
|
||||
Q: How do I know if I am approved?
|
||||
|
||||
A: *Apes will receive a notification saying as much.*
|
||||
|
||||
[](https://preview.redd.it/arhuulwo7p271.png?width=389&format=png&auto=webp&s=9b2c2d68cb30f1883cdcf61c628ef2c0b53b6579)
|
||||
|
||||
Satori (覚, "consciousness") in Japanese folklore are mind-reading monkey-like monsters ("yōkai") said to dwell within the mountains of Hida and Mino.
|
||||
|
||||
Back to [u/Pinkcatsonacid](https://www.reddit.com/u/Pinkcatsonacid/) 🐈🦄
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
THE RETURN OF THE KING- DFV TWEETS AGAIN
|
||||
|
||||
It's been 6 weeks.
|
||||
|
||||
The Kitty Has Been Watching
|
||||
|
||||
[](https://preview.redd.it/ypporfm3ap271.jpg?width=1080&format=pjpg&auto=webp&s=693fb1d3b75e16b1bd09d00c64d46811a6662b72)
|
||||
|
||||
The Kitty has been watching us the whole time
|
||||
|
||||
In the video of the comeback tweet, a cat is seen perched, casting an ominous shadow behind him, while *O Fortuna* plays in the background.
|
||||
|
||||
[u/tropicalsecret](https://www.reddit.com/u/tropicalsecret/) translated the lyrics for us:
|
||||
|
||||
*O Fortune, like the moon you are changeable, ever waxing, ever waning, hateful life first oppresses and then soothes as fancy takes it; poverty and power it melts them like ice fate -- monstrous and empty, you whirling wheel, you are malevolent, well-being is vain and always fades to nothing, shadowed and veiled you plague me too; now through the game I bring my bare back to your villainy fate is against me in health and virtue, driven on and weighted down, always enslaved. so at this hour without delay pluck the vibrating strings; since Fate strikes down the strong man, everyone weep with me!*
|
||||
|
||||
OUR KING KITTY HAS RETURNED 👑🐈
|
||||
|
||||
🚀🚀🚀
|
||||
|
||||
Breaking Through the Floor
|
||||
|
||||
[](https://preview.redd.it/2m46chtkap271.jpg?width=1080&format=pjpg&auto=webp&s=1a7c08ac3d495bab67c61e67d037bec910055751)
|
||||
|
||||
John Wick prepares to fight back
|
||||
|
||||
[Here is the scene for context.](https://www.youtube.com/watch?v=52Ikr4574fM)
|
||||
|
||||
John Wick had his ass kicked. His dog killed. He was down and beat. And this is the scene where he decides to fight back. And he breaks through the floor to find his weapon- the pencil.
|
||||
|
||||
🚀🚀🚀
|
||||
|
||||
[](https://preview.redd.it/yqqakg4cgp271.jpg?width=1080&format=pjpg&auto=webp&s=7673e7d9b7eb557119de7f2648153e424b32d8f2)
|
||||
|
||||
"... you're locked in here with me!"
|
||||
|
||||
Self explanatory, I think.
|
||||
|
||||
[](https://preview.redd.it/ifdy8l5njp271.png?width=512&format=png&auto=webp&s=b050a60e98bf97459c2c319d64b1595a60bd453a)
|
||||
|
||||
pls stay with us
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
Community Spotlight- [u/BodySurfDan](https://www.reddit.com/u/BodySurfDan/) and [u/RiverJumper84](https://www.reddit.com/user/RiverJumper84/)
|
||||
|
||||
[u/BodySurfDan](https://www.reddit.com/u/BodySurfDan/) [dropped another bop on us with lyrical flow that will make you dizzier than Death Spiral Financing.](https://www.reddit.com/r/Superstonk/comments/npts59/get_jacked_good_lord_gamestop_the_gamestop_saga/)
|
||||
|
||||
[](https://preview.redd.it/zlyfmuy7fp271.jpg?width=1080&format=pjpg&auto=webp&s=a0919e6196c9627bb1e3c07728c55e92bc4f407d)
|
||||
|
||||
me
|
||||
|
||||
How many times did I bump this while driving around this holiday weekend?? More times than my family can quite understand.
|
||||
|
||||
[u/RiverJumper84 is repurposing old Gamestop commercials.](https://www.reddit.com/r/Superstonk/comments/nokxvf/im_repurposing_some_of_gamestops_old_commercials/?utm_medium=android_app&utm_source=share) Get a hit of humor and nostalgia with these masterpieces.
|
||||
|
||||
He's doing a series so check that out!
|
||||
|
||||
*This is the most creative and amazing community. I'm so proud of the art apes make every day! You make the sub, and the world, a better place! 💪*
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
Lucy Komisar and Wes Christian AMA🎤
|
||||
|
||||
Tomorrow we will be welcoming back Lucy Komisar, this time as a special guest host for fellow AMA veteran, Wes Christian!
|
||||
|
||||
[](https://preview.redd.it/h6y6nt1qkp271.png?width=170&format=png&auto=webp&s=daf79a5cb171c64fe5bebdaf8d8520ef5e7a5245)
|
||||
|
||||
Wes Christian
|
||||
|
||||
The topics of discussion are going to be Naked Short Selling and Death Spiral Financing on a broad, market-wide scale.
|
||||
|
||||
[There is still time to submit your questions in the official thread!](https://www.reddit.com/r/Superstonk/comments/np7tmd/official_ama_question_thread_for_lucy_komisar_and/?utm_source=share&utm_medium=web2x&context=3)
|
||||
|
||||
[Tune in tomorrow- Wednesday, June 2, at 4:30 pm Eastern on Superstonk Live YouTube!](https://www.youtube.com/c/Superstonk/featured)
|
||||
|
||||
[](https://preview.redd.it/0mdo7wjmkp271.png?width=1542&format=png&auto=webp&s=0a41910a51cf988dfcb12e972f41fb7fc8c278df)
|
||||
|
||||
Lucy Komisar
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
VOTE! by [u/Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/)
|
||||
|
||||
Again, and again, until the voting is over-- we will be back here reminding everyone of its importance. All of this DD, all of this guidance from experts, all of this attention on this naked short-selling issue... will be for nothing, if we don't vote our shares.
|
||||
|
||||
We must vote our shares to show everyone how prolific this issue is. This isn't just a matter of corporate governance, this is about proving to everyone that our investment is being crushed by greedy naked short sellers dumping, potentially, millions and millions of "Phantom Shares" into the market. This isn't anything new, as all our AMA guests have said, this problem has been going on for decades in some form or fashion... But this time, the new variable is us.
|
||||
|
||||
By participating in the vote you are ensuring that every last share that the shorts have fabricated and sold to us is counted. Once their actions see the light of day, in the form of the vote count, this will be the beginning of the end...
|
||||
|
||||
There is no way out for them as long as we all vote our shares. Anyone who tells you otherwise is wrong or doesn't fully grasp the situation.
|
||||
|
||||
[](https://preview.redd.it/kjx3hmccqo271.png?width=1000&format=png&auto=webp&s=c1909cbc65550b7246a59426796b41022f37f517)
|
||||
|
||||
And to those of you who are told by your brokers that you aren't able to vote... make noise, tell them you demand your rights... If you own shares in a company, it is YOUR RIGHT to vote on that companies decisions.
|
||||
|
||||
There is proof that this works, as we are receiving news that [Etoro](https://www.reddit.com/r/Superstonk/comments/nmtq9s/we_did_it/), [Tiger](https://www.reddit.com/r/Superstonk/comments/nmt6lw/not_sure_if_posted_before_but_fyi_singaporean/?utm_medium=android_app&utm_source=share) and [FUTU](https://www.reddit.com/r/Superstonk/comments/nmvme5/hong_kong_apesss_using_futu_can_finally_vote/) are now being made able to vote... So don't give up, if you had shares in time for the record date, then it is your right, do not take it lightly that they are trying to strip that from you.
|
||||
|
||||
[The other half of Sweden is joining the battle! Nordnet have decided to follow Avanza's footsteps and register all GME customers in a broker non-vote! Including all customers in the other Nordic countries!](https://www.reddit.com/r/Superstonk/comments/nn50ye/the_other_half_of_sweden_is_joining_the_battle/)
|
||||
|
||||
[Also, be sure to read this piece by](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) [u/Nauaf](https://www.reddit.com/u/Nauaf/) [on how to vote your shares!](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/)
|
||||
|
||||
[](https://preview.redd.it/k0bxwrzvap271.png?width=720&format=png&auto=webp&s=bb47d5d166d66b9ddfa0864f14ddd4baec53d191)
|
||||
|
||||
Meme credit u/PikePies
|
||||
|
||||
Comment ! apevote ! (without spaces) to receive your custom voted flair!
|
||||
|
||||
[](https://preview.redd.it/vuod38t9pp271.png?width=960&format=png&auto=webp&s=f08d4a6412863d95600bb3a004f6cd53282f57c3)
|
||||
|
||||
Credit: u/OfficialRedditMan
|
||||
|
||||
If you lost your custom flair teaching others how to get the voted flair, thank you for your service! We do flair threads every Friday, and [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) does wild flair threads all the time!
|
||||
|
||||
Back to [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) 🐈🦄
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
A Note from your friendly local Pink Cat 💖🐈
|
||||
|
||||
So Red's post also addressed the fact that myself and [u/Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/) have been promoted to full Admin Mod positions. This means we have equal mod permissions to [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) and [u/rensole](https://www.reddit.com/u/rensole/). Red and Ren discussed the matter privately, then approached the mod team for a vote. I know I can speak for both Bye and myself when I say I am humbled and truly honored at the responsibility given to me. Honor is a big deal to me personally, worth much more than money or even $GME.
|
||||
|
||||
I won't speak too personally here, but I want you all to know a little more about one of the apes you have representing you and fighting for the cause. I love reading the motivation posts and knowing every ape's personal reason for HODLing. This is mine. Feel free to skip if you don't like the fluff stuff.
|
||||
|
||||
I would like to share with you all here and now, that as a Native American woman, my story goes deeper than just GME. My personal motivation in the GME saga is not only because I love the stock and think it's going to change the face of retail, especially with RC involved.... and not only to enrich the lives of my family and change the system.... but I also hope to bring water back to my tribe- both literally and proverbially. I have intentions to completely change the lives of my registered tribe and all indigenous tribes after the Tendieman comes. This isn't an attempt at being political or anything, I hope it isn't received that way. I just feel compelled to share this with you as I'm appointed to help steer this ship. This is so much bigger than Gamestop. And you have my word, on my honor, that I will fight for every ape and do every one of you proud in this position.
|
||||
|
||||
They've criminalized our free market.
|
||||
|
||||
They've shorted the very foundation of our financial system.
|
||||
|
||||
They've robbed the Treasury.
|
||||
|
||||
They've taken our businesses.
|
||||
|
||||
They've taken our homes.
|
||||
|
||||
They've taken our families.
|
||||
|
||||
They've taken our land.
|
||||
|
||||
They've taken our water.
|
||||
|
||||
They've built this system on a House of Cards.
|
||||
|
||||
And now, the people fight back.
|
||||
|
||||
As our friend [u/StonkU2](https://www.reddit.com/u/StonkU2/) always says,
|
||||
|
||||
Profit to the People, Power to the Player. ✊
|
||||
|
||||
________________________________________________________________________________
|
||||
|
||||
🎉HYPE WEEK🎉
|
||||
|
||||
Monday- NYSE Closed for Memorial Day
|
||||
|
||||
Tuesday- DFV TWEETED- THE KING IS BACK!!!
|
||||
|
||||
Wednesday- [Lucy Komisar and Wes Christian AMA](https://www.youtube.com/c/Superstonk/featured) at 4:30 PM Eastern!
|
||||
|
||||
Thursday- [SEC Closed door Sunshine Act Meeting](https://www.sec.gov/news/upcoming-events/closed-meeting-060321) at 3:15 PM Eastern
|
||||
|
||||
Friday- Take your protein pill and put your helmet on. 🚀🚀🚀
|
||||
|
||||
There is electricity in the air this week as many apes have pointed out! It is important that this hype train keep on rolling, and that the steady drumbeat, keeps on beating. As long as you know that there is always more to be hyped about on the horizon, disappointment cannot catch-up. So with that in mind, allow yourself to feel the hype, but remember that if it doesn't happen this week...
|
||||
|
||||
We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. *OOK OOK*
|
||||
|
||||
Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry:
|
||||
|
||||
*"I may have been early, but I am not wrong"* *(This quote has never rang more true)*
|
||||
|
||||
[](https://preview.redd.it/zxfi7po1ko271.png?width=1600&format=png&auto=webp&s=f68c0bdaad9ae771c712bdcf29b0220b7d384909)
|
275
Jungle-Beat-Archives/2021-06-02-Jungle-Beat.md
Normal file
275
Jungle-Beat-Archives/2021-06-02-Jungle-Beat.md
Normal file
@ -0,0 +1,275 @@
|
||||
The Jungle Beat- Wednesday 06-02-2021- ALL STAR AMA DAY!!
|
||||
=========================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nqvazk/the_jungle_beat_wednesday_06022021_all_star_ama/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||
|
||||
*This piece will be posted at 4:20 pm NYSE time every trading day!*
|
||||
|
||||
[](https://preview.redd.it/8bmx62eaav271.png?width=1426&format=png&auto=webp&s=c86141d7bacf2b5eeab67f5b4801f460a3136b97)
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
$GME Closing Price: $282.36
|
||||
|
||||
Open Price: $248.50
|
||||
|
||||
Daily High: $294.00
|
||||
|
||||
Daily Low: $244.30
|
||||
|
||||
Volume: 15.73 MM
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
GME 101
|
||||
|
||||
*If you're new to Superstonk, start here!*
|
||||
|
||||
[](https://preview.redd.it/fooxldqxqw271.jpg?width=700&format=pjpg&auto=webp&s=aa43214ca581df77fcdb42d127ebf5fdf845bb11)
|
||||
|
||||
[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F)
|
||||
|
||||
[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index)
|
||||
|
||||
[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)
|
||||
|
||||
[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/)
|
||||
|
||||
*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!*
|
||||
|
||||
Also, as you probably know, [u/Atobitt](https://www.reddit.com/u/Atobitt/) has dropped HOC II&III. Pretty sure it crashed reddit when it dropped!! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪_______________________________________________________________________________
|
||||
|
||||
Lucy Komisar and Wes Christian AMA TODAY!
|
||||
|
||||
Today we are welcoming back Lucy Komisar, this time as a special guest host for fellow AMA veteran, Wes Christian!
|
||||
|
||||
The topics of discussion are going to be Naked Short Selling and Death Spiral Financing on a broad, market-wide scale.
|
||||
|
||||
[Tune in today at 4:30 pm Eastern on Superstonk Live YouTube!](https://youtu.be/q8-JO3g5bm4)
|
||||
|
||||
[](https://preview.redd.it/fk2n71sgkv271.png?width=1542&format=png&auto=webp&s=3a8739feeea3038cccd730f6107029d6c80ed34a)
|
||||
|
||||
Lucy Komisar
|
||||
|
||||
[](https://preview.redd.it/zq89876ikv271.png?width=170&format=png&auto=webp&s=148504fe31ff5bd6f656c106d749321bc16b02a6)
|
||||
|
||||
Wes Christian
|
||||
|
||||
Just a friendly reminder also, that Dr. Trimbath has taken a raincheck on the June 8 AMA with Atobitt. Updates on that to come soon!
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
Goldman Sachs & Co fail to reconstruct AT LEAST 10% of computerized trade data between December 2nd 2020 and January 29th 2021
|
||||
|
||||
*written by* [u/Atobitt](https://www.reddit.com/u/Atobitt/)
|
||||
|
||||
[Link to OP](https://www.reddit.com/r/Superstonk/comments/nqmz4u/breaking_goldman_sachs_co_fail_to_reconstruct_at/)
|
||||
|
||||
So I was doing my morning walkthrough of new FINRA violations and caught this BEAUTY for [Goldman Sachs & Co LLC](https://files.brokercheck.finra.org/firm/firm_361.pdf)
|
||||
|
||||
. Anyone else recognize the significances of that date range? It's the SAME timeframe that USS GME was prepping for liftoff.
|
||||
|
||||
Don't trust a F*CKING THING these ass clowns tell you. The data you see is whatever they WANT you to see.
|
||||
|
||||
[](https://preview.redd.it/st6adciybw271.png?width=1017&format=png&auto=webp&s=b415b123f27254b95d773dd00c986383559e5262)
|
||||
|
||||
[Source^](https://files.brokercheck.finra.org/firm/firm_361.pdf)
|
||||
|
||||
No one knows what data was unavailable to reconstruct the trade, but here's a simplified [list of requirements](https://www.bobsguide.com/articles/trade-reconstruction-a-growing-pain-point-for-firms/)
|
||||
|
||||
[](https://preview.redd.it/famj1i83cw271.png?width=1039&format=png&auto=webp&s=8e1ae4ffcf6f46c8fad6207cc8aeba9ad3019fab)
|
||||
|
||||
The data is coming out, apes. Their f*ckery continues.
|
||||
|
||||
DIAMOND.F*CKING.HANDS
|
||||
|
||||
Back to [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) 🐈🦄
|
||||
|
||||
_____________________________________________________________________________
|
||||
|
||||
DFV Tweets
|
||||
|
||||
ohmygodilovehavingtweetstodiscussagainholycrapweloveyoudfvwelcomebackplsnoticemesenpai
|
||||
|
||||
[](https://preview.redd.it/19yqxcuiaw271.jpg?width=1077&format=pjpg&auto=webp&s=601fafcc6246c69c49822f6b8cd890f78c58432b)
|
||||
|
||||
[Link to tweet](https://twitter.com/TheRoaringKitty/status/1400089824015626240?s=20) ^
|
||||
|
||||
[](https://preview.redd.it/w15qqrgiaw271.jpg?width=1080&format=pjpg&auto=webp&s=38a42eb8ace3490cac7d919cf4229ddcc9d04d3d)
|
||||
|
||||
[Link to tweet ^](https://twitter.com/TheRoaringKitty/status/1400112472414199809?s=20)
|
||||
|
||||
[](https://preview.redd.it/bzcpmbfhaw271.jpg?width=994&format=pjpg&auto=webp&s=b3086244cf2fa623193c4d878a2e27ca3cc8f349)
|
||||
|
||||
[Link to tweet ^](https://twitter.com/TheRoaringKitty/status/1400124740291923968?s=20)
|
||||
|
||||
[](https://preview.redd.it/1uf3pcxfaw271.jpg?width=953&format=pjpg&auto=webp&s=c72a74829756b2af5b774fe5de97691d376ec41a)
|
||||
|
||||
[Link to tweet ^](https://twitter.com/TheRoaringKitty/status/1400135118723891208?s=20)
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
Community Spotlight-[u/Bombxing](https://www.reddit.com/u/Bombxing/) and the Mulligan Bros
|
||||
|
||||
____
|
||||
|
||||
[u/Bombxing](https://www.reddit.com/u/Bombxing/) AKA the OG Tendieman and Sea Shanty KING
|
||||
|
||||
[EVERYONE knows the legend of the Tendieman](https://www.reddit.com/r/wallstreetbets/comments/l0dfrp/the_tendieman_lyrics_and_video_by_uquigonshin/?utm_source=share&utm_medium=web2x&context=3).
|
||||
|
||||
[](https://preview.redd.it/080jwqcqcw271.jpg?width=2400&format=pjpg&auto=webp&s=83e164889935a82ec7490998760464663d091387)
|
||||
|
||||
Soon may the Tendieman come
|
||||
|
||||
Well, [u/Bombxing](https://www.reddit.com/u/Bombxing/) is the man behind that legend. And he just keeps putting out battle bangers. I seriously get flashbacks when I listen to [Fat Dip](https://www.reddit.com/r/wallstreetbets/comments/lsrbw6/fat_dip_wsb_cover_song/?utm_source=share&utm_medium=web2x&context=3) and [My Mother Told Me](https://www.reddit.com/r/GME/comments/m38fkc/my_mother_told_me_wsb_cover_song_for_the/?utm_source=share&utm_medium=web2x&context=3) (my opening bell song for WEEKS in the red!!)... I can smell the tendies of yore when I hear his voice. How does January and WSB seem like eons ago?? We are battle worn and more diamond handed than ever, thanks to the artists like him providing us with a beat by which to march 🥁
|
||||
|
||||
His new song,[ Hold Her, Monke](https://www.reddit.com/r/WSBrecords/comments/nox00e/leave_her_johnny_gme_cover_hold_her_monke/?utm_source=share&utm_medium=web2x&context=3)
|
||||
|
||||
Another one of my faves: [Bones in the Ocean](https://www.reddit.com/r/GME/comments/liu17f/another_gme_sea_shanty_bones_in_the_ocean_cover/?utm_source=share&utm_medium=web2x&context=3)
|
||||
|
||||
He has lots of others so check them out!
|
||||
|
||||
______
|
||||
|
||||
Meet Finley and Quinn Mulligan- The brothers behind the Apes Together Strong Documentary
|
||||
|
||||
*The one told by apes, for apes.*
|
||||
|
||||
[This is pasted from the OP by](https://www.reddit.com/r/Superstonk/comments/n9x3qw/documentary_update_its_all_about_the_apes/?utm_source=share&utm_medium=web2x&context=3) [u/albanak](https://www.reddit.com/u/albanak/)
|
||||
|
||||
🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍-- INTRO -- 🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧
|
||||
|
||||
My name is Finley Mulligan ([u/albanak](https://www.reddit.com/u/albanak/)), my brother is Quinn Mulligan ([u/cyclopsQHM](https://www.reddit.com/u/cyclopsQHM/)). We are apes.
|
||||
|
||||
We've been hodling since early Jan, joined the exodus to [r/GME](https://www.reddit.com/r/GME/) and eventually migrated with the first wave of settlers at [r/superstonk](https://www.reddit.com/r/superstonk/) --- we are not outsiders, we want to make sure this story is told right and from within.
|
||||
|
||||
[](https://preview.redd.it/vm6x4md96w271.png?width=3262&format=png&auto=webp&s=cb54aecc81357f508968ea2ae2790f5f7ce522a0)
|
||||
|
||||
u/albanak aka Finley
|
||||
|
||||
[](https://preview.redd.it/8ujnczya6w271.png?width=3286&format=png&auto=webp&s=7c9c8c048a298a525e0a8e18afdd978adb9001eb)
|
||||
|
||||
u/cyclopsQHM aka Quinn
|
||||
|
||||
🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍-- BACKGROUND -- 🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍
|
||||
|
||||
We got sick of seeing "retail" investors being portrayed like shit by the mainstream media.
|
||||
|
||||
We couldn't stand seeing the narrative build that the current untenable state of our markets is somehow *our fault* --- meanwhile, everyone turns a blind eye to the corruption, illegal practices, and blatant manipulation being practiced by the "institutions" lining the pockets of the asshats condemning us.
|
||||
|
||||
Then the hulu doc came out and we kind of hit a limit. SO. I posted a simple question --- "Who wants a REAL documentary about what's happening with the squeeze?" and the response was overwhelmingly positive --- you had some key points of guidance:
|
||||
|
||||
- The story isn't done 'til the squeeze has squozen
|
||||
|
||||
- Ask the questions no one's asking (naked short selling, FTDs, etc)
|
||||
|
||||
- Make sure to features the community as much as possible
|
||||
|
||||
- Tell the truth even if the truth hurts
|
||||
|
||||
- Fuck off, we just like the stock (fair enough)
|
||||
|
||||
[We took those tenets to heart and posted THIS](https://www.reddit.com/r/GME/comments/mgoo4a/update_question_who_wants_a_real_documentary/).
|
||||
|
||||
This story isn't finished.
|
||||
|
||||
It feels like a war of attrition at times but with new rules, SEC head, and the simple fact that time is on our side we believe that we will soon see an end to this saga.
|
||||
|
||||
This last act is still unfolding and we won't be telling an unfinished story --- apes are very clear that this film shouldn't finish until the squeeze has squozen and we want to respect that.
|
||||
|
||||
We'll be including the community throughout the creation of the film. Offering to show rough cuts, consulting when we're stuck or need fresh eyes. We believe very much that community engagement is vital to being able to call this a film for apes by apes.
|
||||
|
||||
If you'd like to follow along you can join our mailing list at [apestogetherstrongdoc.com](https://apestogetherstrongdoc.com/)
|
||||
|
||||
or our twitter @ apestogetherdoc
|
||||
|
||||
Please hit us up at <info@apestogetherstrongdoc.com> or tag [u/albanak](https://www.reddit.com/u/albanak/) in any post you think is worth calling attention to! Special thanks to [u/not_ya-wify](https://www.reddit.com/u/not_ya-wify/) who's been super awesome doing this.
|
||||
|
||||
This film is for you all, we'll answer any questions you have.
|
||||
|
||||
APES. TOGETHER. STRONG.
|
||||
|
||||
🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍
|
||||
|
||||
[Read the full story about the Mulligan brothers and their awesome documentary here](https://www.reddit.com/r/Superstonk/comments/n9x3qw/documentary_update_its_all_about_the_apes/?utm_source=share&utm_medium=web2x&context=3).
|
||||
|
||||
*From Pink Cat-* *Please note that neither Superstonk, nor Superstonk Live YouTube are affiliated with the production (or any resulting profit) of this film. We just think it's cool as shit that they're telling the story from apes' perspective and wanted to share with you guys :)*
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
Safe and Sound with Team SATORI
|
||||
|
||||
*written by SATORI dev,* [u/grungromp](https://www.reddit.com/u/grungromp/)
|
||||
|
||||
Hey everyone! [u/Grungromp](https://www.reddit.com/u/Grungromp/) of Team Satori with a security suggestion for the day!
|
||||
|
||||
We've had a LOT of people reaching out with suggestions and things they've been noticing, and one comment from a cyber security pro in particular felt important to pass out to the sub.
|
||||
|
||||
We've been seeing small Reddit crashes and issues with access to the service and sub lately, and under normal circumstances they aren't anything to be incredibly concerned about. But we live in extraordinary circumstances, and caution is warranted.
|
||||
|
||||
Any one of these crashes could be due to any number of reasons, but there is always a chance data has leaked in some way. With that in mind, password rotation is a fantastic idea! There's no need to panic right now, but if Reddit starts behaving weird, rotate your security, just in case. Better safe than sorry!
|
||||
|
||||
Buy. Hold. Vote. Fight.
|
||||
|
||||
_____________________________
|
||||
|
||||
MODel Behaviour
|
||||
|
||||
*written by* [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/)
|
||||
|
||||
Howdy apes! [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) here! How about that price action today, amirite?! Your Ape-bassador comes to you with a request from the Mod Team. Now that our beloved psychic monkey bot has been released into the jungle, things have obviously changed. It's obvious in new. It's obvious in hot. It's even obvious when you sort by controversial comments (one of my faves, btw ). HOWEVER, one of the things that still needs some attention is the number of posts of mass-shared content.
|
||||
|
||||
We all know the stuff. Take 27 DFV posts per tweet, of the same tweet, or link to the tweet, or the tweet of the link of the tweet, for example. Or when eToro allowed voting; goodness, I must have spammed 100 duplicates of essentially the same thing every hour for three hours straight. Ngl, it was NUTS lol. Don't get me wrong, I, too, have posted things that I JUST found out about, only to find out five minutes later that I, in fact, was late to the party. It do be like that sometimes. We are all apes, and apes are, by their very nature, thrilled to share good news and exciting new information with their fellows. That being said, please don't be too upset if a fellow ape says something about your post already being posted. It's not a competition to see who can get there first. Remember when reporting or letting an ape know their content has already been posted, to be excellent to each other. This is, after all, the way.
|
||||
|
||||
It is to this end that the Mod Team is making a formal request. Help us, help you. Weekend FUD patrol and The Knights of New are totally killing it, but the mass-shared content goes under-reported. It's a fact, and I think it has become easier to see, what with the SATORI hush that has fallen over this special little sub.
|
||||
|
||||
I'd also like to take a moment to say how impressed I am with some of the behaviour I've seen in comments lately. Shit-talking is being countered with patience, humor, logic, and kindness. Lies are being called out with a sense of calm confidence. Scare tactics and outright aggressiveness is being met with chill and zen and dismissiveness. It's enough to make an Ape-bassador cry. Truly.
|
||||
|
||||
sniffle Alright! So. Recap. Y'all are awesome. The love in here is really shining through, and Mods would REALLY appreciate if apes could start addressing the mass-shared content within the community. Report it. Let the OP know it's already been posted. SATORI can only do so much, and the content that flows on this sub is ultimately in our individual, collective hands. That's right, diamond fucking hands.
|
||||
|
||||
Power to the Player 🚀🌙
|
||||
|
||||
__________________________
|
||||
|
||||
VOTE! by [u/Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/)
|
||||
|
||||
[](https://preview.redd.it/wvycwss07w271.png?width=1000&format=png&auto=webp&s=7c88663128048a377bdbedc91909b2165c5d6885)
|
||||
|
||||
awesome artwork by u/Bye_Triangle
|
||||
|
||||
Again, and again, until the voting is over-- we will be back here reminding everyone of its importance. All of this DD, all of this guidance from experts, all of this attention on this naked short-selling issue... will be for nothing, if we don't vote our shares.We must vote our shares to show everyone how prolific this issue is. This isn't just a matter of corporate governance, this is about proving to everyone that our investment is being crushed by greedy naked short sellers dumping, potentially, millions and millions of "Phantom Shares" into the market. This isn't anything new, as all our AMA guests have said, this problem has been going on for decades in some form or fashion... But this time, the new variable is us.By participating in the vote you are ensuring that every last share that the shorts have fabricated and sold to us is counted. Once their actions see the light of day, in the form of the vote count, this will be the beginning of the end...There is no way out for them as long as we all vote our shares. Anyone who tells you otherwise is wrong or doesn't fully grasp the situation.And to those of you who are told by your brokers that you aren't able to vote... make noise, tell them you demand your rights... If you own shares in a company, it is YOUR RIGHT to vote on that companies decisions.There is proof that this works, as we are receiving news that [Etoro](https://www.reddit.com/r/Superstonk/comments/nmtq9s/we_did_it/), [Tiger](https://www.reddit.com/r/Superstonk/comments/nmt6lw/not_sure_if_posted_before_but_fyi_singaporean/?utm_medium=android_app&utm_source=share) and [FUTU](https://www.reddit.com/r/Superstonk/comments/nmvme5/hong_kong_apesss_using_futu_can_finally_vote/) are now being made able to vote... So don't give up, if you had shares in time for the record date, then it is your right, do not take it lightly that they are trying to strip that from you.[The other half of Sweden is joining the battle! Nordnet have decided to follow Avanza's footsteps and register all GME customers in a broker non-vote! Including all customers in the other Nordic countries!](https://www.reddit.com/r/Superstonk/comments/nn50ye/the_other_half_of_sweden_is_joining_the_battle/)
|
||||
|
||||
[Also, be sure to read this piece by](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) [u/Nauaf](https://www.reddit.com/u/Nauaf/) [on how to vote your shares!](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/)Comment ! apevote ! (without spaces) to receive your custom voted flair!
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
🎉HYPE WEEK🎉
|
||||
|
||||
Monday- NYSE Closed for Memorial Day
|
||||
|
||||
Tuesday- DFV TWEETED- THE KING IS BACK!!!
|
||||
|
||||
Wednesday- [Lucy Komisar and Wes Christian AMA](https://www.youtube.com/c/Superstonk/featured) at 4:30 PM Eastern!
|
||||
|
||||
Thursday- [SEC Closed door Sunshine Act Meeting](https://www.sec.gov/news/upcoming-events/closed-meeting-060321) at 3:15 PM Eastern
|
||||
|
||||
Friday- Take your protein pill and put your helmet on.
|
||||
|
||||
There is electricity in the air this week as many apes have pointed out! It is important that this hype train keep on rolling, and that the steady drumbeat, keeps on beating. As long as you know that there is always more to be hyped about on the horizon, disappointment cannot catch-up. So with that in mind, allow yourself to feel the hype, but remember that if it doesn't happen this week...We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. *OOK OOK*
|
||||
|
||||
Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry:
|
||||
|
||||
*"I may have been early, but I am not wrong"* *(This quote has never rang more true)*
|
||||
|
||||
[](https://preview.redd.it/5a91ehfg4w271.png?width=1600&format=png&auto=webp&s=c9ac5d245d1a146fe7804de500c5f73d01c21c82)
|
223
Jungle-Beat-Archives/2021-06-03-Jungle-Beat.md
Normal file
223
Jungle-Beat-Archives/2021-06-03-Jungle-Beat.md
Normal file
@ -0,0 +1,223 @@
|
||||
The Jungle Beat- Thursday 06-03-2021- 6 DAYS TIL ANNUAL MEETING!! 🚀🚀🚀
|
||||
========================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nrmzbs/the_jungle_beat_thursday_06032021_6_days_til/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||
|
||||
*This piece will be posted at 4:20 pm NYSE time every trading day!*
|
||||
|
||||
[](https://preview.redd.it/hey1pagyy3371.png?width=1426&format=png&auto=webp&s=3f67f954eada1c783e5a87d7e87faa568be0358d)
|
||||
|
||||
[HI BENZINGA](https://www.reddit.com/r/Superstonk/comments/nrny1a/they_are_watching_us/h0hk426/?context=3) 👋
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
$GME Closing Price: $258.18
|
||||
|
||||
Open Price: $265.71
|
||||
|
||||
Daily High: $274.43
|
||||
|
||||
Daily Low: $242.12
|
||||
|
||||
Volume: 7.91MM
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
🖍🍎🚌GME 101🚌🍎🖍
|
||||
|
||||
*If you're new to Superstonk, start here!*
|
||||
|
||||
[](https://preview.redd.it/ebhtg1msy3371.jpg?width=1080&format=pjpg&auto=webp&s=7c7ffeba17431d5c90e424fe2468224a56399487)
|
||||
|
||||
WeBull GME rating 06-03-2021
|
||||
|
||||
[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F)
|
||||
|
||||
[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index)
|
||||
|
||||
[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)
|
||||
|
||||
[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/)
|
||||
|
||||
*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!*
|
||||
|
||||
Also, as you probably know, [u/Atobitt](https://www.reddit.com/u/Atobitt/) has dropped HOC II&III. Pretty sure it crashed reddit when it dropped!! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪_______________________________________________________________________________
|
||||
|
||||
Superstonk is now the 3rd highest rated community in Reddit in comments per hour, ahead of wallstreetbets and amcstock
|
||||
|
||||
Credit to OP [u/xirix](https://www.reddit.com/u/xirix/)!!! [LINK TO OP](https://www.reddit.com/r/Superstonk/comments/nrc52s/rsuperstonk_is_now_the_3rd_highest_rated/)
|
||||
|
||||
[](https://preview.redd.it/dk3do66jz3371.png?width=2208&format=png&auto=webp&s=d08b57e7354e4dac85dc6aaa2fd7b5f2cfaabf14)
|
||||
|
||||
We also have almost 375,000 members!!! 🥳🎊✨💥
|
||||
|
||||
_____________________________________________________________________________
|
||||
|
||||
Lucy Komisar and Wes Christian AMA was FIRE 🔥
|
||||
|
||||
[Link to AMA](https://youtu.be/q8-JO3g5bm4)!! THIS ONE IS A MUST WATCH!!
|
||||
|
||||
[](https://preview.redd.it/99t20ld3z3371.jpg?width=1077&format=pjpg&auto=webp&s=72440415743a990968c4c0eb829223fea053ec7f)
|
||||
|
||||
Lucy Komisar and Wes Christian
|
||||
|
||||
BE THE BIGGER BULLY! 💪
|
||||
|
||||
______________________________
|
||||
|
||||
DFV & RC Tweets
|
||||
|
||||
[](https://preview.redd.it/6fgz6ujkq3371.jpg?width=1080&format=pjpg&auto=webp&s=4ea03b532339a84884b040b71c47a020d7bc3fdb)
|
||||
|
||||
Such a beautiful sight
|
||||
|
||||
[](https://preview.redd.it/hn5ux8yay3371.jpg?width=1080&format=pjpg&auto=webp&s=1426aeebaa7a2f0011ec577995991d0bd1bacdbb)
|
||||
|
||||
Good mornin lil pink kitty!!! 😻
|
||||
|
||||
[](https://preview.redd.it/4jcuafh9y3371.jpg?width=1080&format=pjpg&auto=webp&s=436be36c21bdf131fa75afbda8d46def170863ae)
|
||||
|
||||
Blowing shit up, idk
|
||||
|
||||
[](https://preview.redd.it/qfq0n0car3371.jpg?width=1077&format=pjpg&auto=webp&s=88fc65115e269283faea298a8805a13b885ac070)
|
||||
|
||||
I saw u/Buttfarm69's Chairman
|
||||
|
||||
[](https://preview.redd.it/g2td4zbdr3371.jpg?width=1080&format=pjpg&auto=webp&s=617993aa8b5be26765b4b04164c0c01c25714625)
|
||||
|
||||
[A Jeffrey, you say? Like what was just in the news?](https://www.bloomberg.com/news/articles/2021-06-03/jefferies-blocks-short-sells-in-gamestop-amc-microvision)
|
||||
|
||||
[](https://preview.redd.it/4fb35htm04371.jpg?width=1080&format=pjpg&auto=webp&s=aac5392a14059286a2a6a3c5dae06b103ada64c2)
|
||||
|
||||
Idk, just keep swimming lol
|
||||
|
||||
[](https://preview.redd.it/nldv9bfft3371.jpg?width=1046&format=pjpg&auto=webp&s=1758934aebc1159e819f2e5d27dff0d443c3f77d)
|
||||
|
||||
*My interpretation:* Sears represents the old way of retail, which he is destroying with his genius innovation. As the skull denotes, the old way of doing retail is under construction.
|
||||
|
||||
75+ years ago, our grandparents in the USA were ordering everything from their stove, their kitchen, their entire *HOME* from Sears, who was thought to be a retail game-changer almost a century ago. That was the face of innovation during the Cold War Era. I know, I grew up lusting after the 1950s technicolor Betty Crocker pink kitchens:
|
||||
|
||||
[](https://preview.redd.it/la0nteaxt3371.png?width=1341&format=png&auto=webp&s=98de54453e8c8a6cc4d25b099e3925a93142f379)
|
||||
|
||||
https://searshomes.org/index.php/2014/05/09/1959-was-a-very-good-year-for-kitchens/
|
||||
|
||||
[u/wfja](https://www.reddit.com/u/wfja/) pointed out that "ARS" is an SEC term for Annual Report to Shareholders!
|
||||
|
||||
Whatever the tweets mean, I like the stock 🤷♀️
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
In Scary Stuff News... The RRP Nightmare
|
||||
|
||||
[](https://preview.redd.it/i8cycc65w3371.png?width=1183&format=png&auto=webp&s=0b89f90c8a955d432a0f90ce98887d8bd3274f9e)
|
||||
|
||||
credit u/sharkbaitlol for the pic!
|
||||
|
||||
That's 479 Billion
|
||||
|
||||
Highest in history is 485
|
||||
|
||||
Essential reading to understand:
|
||||
|
||||
[The Imminent Liquidity Crisis & Reverse Repo Usage- The Smooth Brain Edition](https://www.reddit.com/r/Superstonk/comments/nhepn1/the_imminent_liquidity_crisis_reverse_repos_usage/)- by [u/plants69](https://www.reddit.com/u/plants69/)
|
||||
|
||||
_____________________________________________________________________________________
|
||||
|
||||
Community Spotlight- our mod, [u/bradduck_flyntmoore](https://www.reddit.com/u/bradduck_flyntmoore/), and [u/grungromp](https://www.reddit.com/u/grungromp/)
|
||||
|
||||
________________
|
||||
|
||||
Safe and Sound with Team SATORI
|
||||
|
||||
*written by SATORI dev,* [u/grungromp](https://www.reddit.com/u/grungromp/)
|
||||
|
||||
Hey everyone! [u/Grungromp](https://www.reddit.com/u/Grungromp/) of Team Satori with a security suggestion for the day!
|
||||
|
||||
We've had a LOT of people reaching out with suggestions and things they've been noticing, and one comment from a cyber security pro in particular felt important to pass out to the sub.
|
||||
|
||||
We've been seeing small Reddit crashes and issues with access to the service and sub lately, and under normal circumstances they aren't anything to be incredibly concerned about. But we live in extraordinary circumstances, and caution is warranted.
|
||||
|
||||
Any one of these crashes could be due to any number of reasons, but there is always a chance data has leaked in some way. With that in mind, password rotation is a fantastic idea! There's no need to panic right now, but if Reddit starts behaving weird, rotate your security, just in case. Better safe than sorry!
|
||||
|
||||
Buy. Hold. Vote. Fight.
|
||||
|
||||
_____________________________
|
||||
|
||||
MODel Behaviour
|
||||
|
||||
*written by* [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/)
|
||||
|
||||
Howdy apes! [u/Bradduck_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) here! How about that price action today, amirite?! Your Ape-bassador comes to you with a request from the Mod Team. Now that our beloved psychic monkey bot has been released into the jungle, things have obviously changed. It's obvious in new. It's obvious in hot. It's even obvious when you sort by controversial comments (one of my faves, btw ). HOWEVER, one of the things that still needs some attention is the number of posts of mass-shared content.
|
||||
|
||||
We all know the stuff. Take 27 DFV posts per tweet, of the same tweet, or link to the tweet, or the tweet of the link of the tweet, for example. Or when eToro allowed voting; goodness, I must have spammed 100 duplicates of essentially the same thing every hour for three hours straight. Ngl, it was NUTS lol. Don't get me wrong, I, too, have posted things that I JUST found out about, only to find out five minutes later that I, in fact, was late to the party. It do be like that sometimes. We are all apes, and apes are, by their very nature, thrilled to share good news and exciting new information with their fellows. That being said, please don't be too upset if a fellow ape says something about your post already being posted. It's not a competition to see who can get there first. Remember when reporting or letting an ape know their content has already been posted, to be excellent to each other. This is, after all, the way.
|
||||
|
||||
It is to this end that the Mod Team is making a formal request. Help us, help you. Weekend FUD patrol and The Knights of New are totally killing it, but the mass-shared content goes under-reported. It's a fact, and I think it has become easier to see, what with the SATORI hush that has fallen over this special little sub.
|
||||
|
||||
I'd also like to take a moment to say how impressed I am with some of the behaviour I've seen in comments lately. Shit-talking is being countered with patience, humor, logic, and kindness. Lies are being called out with a sense of calm confidence. Scare tactics and outright aggressiveness is being met with chill and zen and dismissiveness. It's enough to make an Ape-bassador cry. Truly.
|
||||
|
||||
sniffle Alright! So. Recap. Y'all are awesome. The love in here is really shining through, and Mods would REALLY appreciate if apes could start addressing the mass-shared content within the community. Report it. Let the OP know it's already been posted. SATORI can only do so much, and the content that flows on this sub is ultimately in our individual, collective hands. That's right, diamond fucking hands.
|
||||
|
||||
Power to the Player 🚀🌙
|
||||
|
||||
______________________________________________
|
||||
|
||||
Vote- by u/[Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/)
|
||||
|
||||
Again, and again, until the voting is over-- we will be back here reminding everyone of its importance. All of this DD, all of this guidance from experts, all of this attention on this naked short-selling issue... will be for nothing, if we don't vote our shares.We must vote our shares to show everyone how prolific this issue is. This isn't just a matter of corporate governance, this is about proving to everyone that our investment is being crushed by greedy naked short sellers dumping, potentially, millions and millions of "Phantom Shares" into the market. This isn't anything new, as all our AMA guests have said, this problem has been going on for decades in some form or fashion... But this time, the new variable is us.By participating in the vote you are ensuring that every last share that the shorts have fabricated and sold to us is counted. Once their actions see the light of day, in the form of the vote count, this will be the beginning of the end...There is no way out for them as long as we all vote our shares. Anyone who tells you otherwise is wrong or doesn't fully grasp the situation. And to those of you who are told by your brokers that you aren't able to vote... make noise, tell them you demand your rights... If you own shares in a company, it is YOUR RIGHT to vote on that companies decisions.
|
||||
|
||||
[](https://preview.redd.it/pfxa7yfau3371.png?width=1000&format=png&auto=webp&s=bc2d5ec1774c7d84f95a82d0ce6b47d6c33b38c6)
|
||||
|
||||
There is proof that this works, as we are receiving news that T212, [Etoro](https://www.reddit.com/r/Superstonk/comments/nmtq9s/we_did_it/), [Tiger](https://www.reddit.com/r/Superstonk/comments/nmt6lw/not_sure_if_posted_before_but_fyi_singaporean/?utm_medium=android_app&utm_source=share), [FUTU](https://www.reddit.com/r/Superstonk/comments/nmvme5/hong_kong_apesss_using_futu_can_finally_vote/) & more are now being made able to vote... So don't give up, if you had shares in time for the record date, then it is your right, do not take it lightly that they are trying to strip that from you.
|
||||
|
||||
[The other half of Sweden is joining the battle! Nordnet have decided to follow Avanza's footsteps and register all GME customers in a broker non-vote! Including all customers in the other Nordic countries!](https://www.reddit.com/r/Superstonk/comments/nn50ye/the_other_half_of_sweden_is_joining_the_battle/)
|
||||
|
||||
[Also, be sure to read this piece by](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) [u/Nauaf](https://www.reddit.com/u/Nauaf/) [on how to vote your shares!](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/)
|
||||
|
||||
Comment ! apevote ! (without spaces) to receive your custom voted flair!
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
🎉HYPE WEEK🎉
|
||||
|
||||
Monday- NYSE Closed for Memorial Day
|
||||
|
||||
Tuesday- DFV TWEETED- THE KING IS BACK!!!
|
||||
|
||||
Wednesday- [Lucy Komisar and Wes Christian AMA](https://www.youtube.com/c/Superstonk/featured) at 4:30 PM Eastern!
|
||||
|
||||
Thursday- [SEC Closed door Sunshine Act Meeting](https://www.sec.gov/news/upcoming-events/closed-meeting-060321) at 3:15 PM Eastern
|
||||
|
||||
Friday- Take your protein pill and put your helmet on.
|
||||
|
||||
There is electricity in the air this week as many apes have pointed out! It is important that this hype train keep on rolling, and that the steady drumbeat, keeps on beating. As long as you know that there is always more to be hyped about on the horizon, disappointment cannot catch-up. So with that in mind, allow yourself to feel the hype, but remember that if it doesn't happen this week...We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. *OOK OOK*
|
||||
|
||||
Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry:
|
||||
|
||||
*"I may have been early, but I am not wrong"* *(This quote has never rang more true)*
|
||||
|
||||
_______________________
|
||||
|
||||
Reddit down, wot do?
|
||||
|
||||
Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to:
|
||||
|
||||
[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA)
|
||||
|
||||
<https://twitter.com/PinkCatsOnAcid>
|
||||
|
||||
<https://twitter.com/RedChessQueen99>
|
||||
|
||||
<https://twitter.com/rensole>
|
||||
|
||||
[](https://preview.redd.it/8ghhtrdou3371.png?width=1600&format=png&auto=webp&s=6968fa591362a0f426921c35b303de4ab51fb0c4)
|
294
Jungle-Beat-Archives/2021-06-04-Jungle-Beat.md
Normal file
294
Jungle-Beat-Archives/2021-06-04-Jungle-Beat.md
Normal file
@ -0,0 +1,294 @@
|
||||
The Jungle Beat- FRIDAY 06-04-2021- MISSION CRITICAL 🚀🚀🚀
|
||||
===========================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nsei2t/the_jungle_beat_friday_06042021_mission_critical/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Daily News 🦍💎🙌🚀](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&restrict_sr=1)
|
||||
|
||||
*This piece will be posted at 4:20 pm NYSE time every trading day!*
|
||||
|
||||
*🖍Check out the new upvote/downvote crayons! 🖍*
|
||||
|
||||
[](https://preview.redd.it/0xyofe1cb9371.png?width=1426&format=png&auto=webp&s=5d2c0087ad5e841f0dc8d78cc6d4cdac7a3cb894)
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
$GME Closing Price: $248.36
|
||||
|
||||
Open Price: $256.02
|
||||
|
||||
Daily High: $265.00
|
||||
|
||||
Daily Low: $245.77
|
||||
|
||||
Volume: 3.56 MM
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
🖍🍎🚌GME 101🚌🍎🖍
|
||||
|
||||
*If you're new to Superstonk, start here!*
|
||||
|
||||
[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F)
|
||||
|
||||
[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index)
|
||||
|
||||
[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)
|
||||
|
||||
[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/)
|
||||
|
||||
*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!*
|
||||
|
||||
Also, as you probably know, [u/Atobitt](https://www.reddit.com/u/Atobitt/) has dropped HOC II&III. Pretty sure it crashed reddit when it dropped!! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
VOTE! by [u/Bye_Triangle](https://www.reddit.com/u/Bye_Triangle/)
|
||||
|
||||
[](https://preview.redd.it/686geoa4aa371.png?width=960&format=png&auto=webp&s=6f4feaddae7c50d73866b9a6d3827e85b2965e4f)
|
||||
|
||||
Awesome artwork by u/Verdiii
|
||||
|
||||
Alright Apes,
|
||||
|
||||
The end is nigh, if you were given the opportunity to vote, and haven't yet... There is no excuse! If you want to see this Naked Short Selling scam brought to its knees then you have to make sure you submit your vote by the deadline.
|
||||
|
||||
*This cannot be put off any longer.* The Shareholders meeting is NEXT WEEK. Though this may be getting repetitive, it needs to be heard.
|
||||
|
||||
VOTE YOUR SHARES
|
||||
|
||||
If you've already voted, then spread the word to others-- everyone needs to be reminded of the importance of this.
|
||||
|
||||
Do it for the companies that have been uncerimoniously killed by this practice
|
||||
|
||||
Do it for the people who lost their jobs because of these short sellers
|
||||
|
||||
Do it for the Apes who are being disinfranchized by their brokers
|
||||
|
||||
Do it for GameStop, who need the physical proof of the Naked Shorts
|
||||
|
||||
Do it for whatever reason inspires you most...
|
||||
|
||||
[](https://preview.redd.it/kad2d8dxfa371.jpg?width=511&format=pjpg&auto=webp&s=5a9088eb2d6036cb83a0ca2faeae30062b17f746)
|
||||
|
||||
Also comment !apevote! to get your special voted flair!
|
||||
|
||||
_______________________________________________________________________________
|
||||
|
||||
Ape Security Protocols
|
||||
|
||||
by [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/)
|
||||
|
||||
It has come to my attention that several members have been the targets of hacking attempts. If you notice edited or deleted posts on your account, or cannot login, this is likely a sign that you have been the victim of a dastardly shillfiltrator.
|
||||
|
||||
This is possible due to someone logging into your account if it has a weak password, having clicked mysterious links, or other creative methods utilized by bad actors. Therefore, I am writing some quick security tips for moving forward.
|
||||
|
||||
[](https://preview.redd.it/fs2adorboc371.png?width=640&format=png&auto=webp&s=eb01be5d235d8f0ab3a782e3e588684a64d6f826)
|
||||
|
||||
010101ook1010011ookook
|
||||
|
||||
Here are some tips for keeping your account secure:
|
||||
|
||||
1. Use an email or Google/Apple account that does not match your username. Your username is public, so remember that anyone can enter it just like you, or add ["@gmail.com](mailto:%22@gmail.com)/@appe.com" and either try to guess your password, or use a program to make attempts.
|
||||
|
||||
2. [Enable TFA / 2FA (Two Factor Authentication)](https://www.reddit.com/r/announcements/comments/7spq3s/protect_your_account_with_twofactor_authentication/) with your reddit/Google/Apple account; this will require you to link your account to an email, phone number, or authenticator app, and any logins will require typing in a text/email/authenticator code to login. If someone tries to use this, you will receive the notification and become aware of the attempt immediately.
|
||||
|
||||
3. Be very careful with messages received via reddit messages, chats, and especially links sent to you. These can be very dangerous as they can take you to fake sites or track your IP address. We also know that, because bad actors cannot post or comment, they switch to chats/messages, which we cannot track or moderate. You should consider any private message to be potentially suspect moving forward.
|
||||
|
||||
4. Use a [VPN service](https://www.pcmag.com/picks/the-best-vpn-services)\
|
||||
(ProtonVPN / NordVPN / others, please do your research on best option); VPN's basically turn your internet connection from YOU---REDDIT into YOU---VPN---REDDIT, so any attempts to track you are filtered through a middleman server. The best VPNs are available for a modest monthly or annual cost; you can also use the browser Tor for a crowd-shared VPN of sorts.
|
||||
|
||||
5. Finally, make sure your password is complicated enough so that hacker programs cannot easily crack them. For example, do not use "password123" or even "ilikethestock" but rather "MoNkE2021StOnKsGoUp4p3$t063th3r$tr0n6" - make them work for it. Every second we waste is a second we gain.
|
||||
|
||||
6. If all else fails, and you find yourself a victim of hacking, you will need to resolve through reddit. You can [recover a username](https://www.reddit.com/username) or [get more information about security](https://reddithelp.com/hc/en-us/sections/360008917491-Account-Security), but also you can [contact reddit admins for assistance](https://www.reddit.com/contact/).
|
||||
|
||||
Why would they target us?
|
||||
|
||||
Does this really need an answer? We are exposing their dirty laundry for the world to see. Therefore, it is cost-effective for them to spend money on professionals to try and destabilize the sub. Additionally, many trolls and bad actors exist on reddit who would love to see us break apart and fall. Our Approved Users list can also be discovered and they may be targeting our Satori-sanctioned apes in an attempt to undermine its use.
|
||||
|
||||
Therefore, we all need to be extra careful, especially with the MOASS impending. I would not forgive myself if I was lazy in regards to keeping you all informed and protected. As mods, we truly understand the importance of your safety and protection, and this is why we are working diligently to keep your educated on the dangers and to implement new technology in an effort to counter their attacks.
|
||||
|
||||
Please leave comments if I missed anything and I will try to make sure I see it and update this post.
|
||||
|
||||
Let's make sure the rocket isn't sabotaged. *Moon soon*
|
||||
|
||||
Back to [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/)
|
||||
|
||||
_________________________________________________________________________
|
||||
|
||||
[](https://preview.redd.it/6b9p6oz3ra371.jpg?width=512&format=pjpg&auto=webp&s=f03078463ea5bdfa8089ddaf53389e6efb905f77)
|
||||
|
||||
As you may have heard, Benzinga wrote an article about our AMA this week with Lucy Komisar and Wes Christian!!
|
||||
|
||||
And as you may have heard, yours truly has been invited onto a Mainstream Stock show.
|
||||
|
||||
Yes it was super dope they wrote an article about Superstonk Live!
|
||||
|
||||
Yes it was super mcnasty dope to see my name in MSM print!
|
||||
|
||||
Yes it was ultimate supreme dope to know that we are gaining exposure!!
|
||||
|
||||
No, I will not be doing any mainstream interviews at this time, *unless they are directly and exclusively discussing the issue of Naked Short Selling.*
|
||||
|
||||
Which I have a feeling, this won't be.
|
||||
|
||||
So while I am truly, seriously honored that I was so well received that an offer for an on air interview was warranted, I will await direct confirmation that this is discussing Naked Short Selling on Benzinga before engaging.
|
||||
|
||||
If it is, then buckle up, buckos.
|
||||
|
||||
But if not, buzz off, Benzinga. ✌
|
||||
|
||||
[](https://preview.redd.it/muifsf1exa371.jpg?width=1080&format=pjpg&auto=webp&s=890da5bbb8febce32994fa96da60132bf8b08bc2)
|
||||
|
||||
[My Diamond Whistle Blower OP, for those who haven't seen.](https://www.reddit.com/r/Superstonk/comments/ms6yvq/blowing_my_diamond_whistle_as_a_highly_visible/?utm_medium=android_app&utm_source=share)
|
||||
|
||||
Whatever happens, I'll keep you updated!
|
||||
|
||||
*A note on MSM: My comment from a post yesterday:*
|
||||
|
||||
*I know it's exciting and cool to see our name in lights (my husband is probably going to print the benzinga article from today and put it on the fridge lol) but this post is an important message to remember as MOASS approaches and MSM coverage becomes inevitable and more widespread. THIS COMMUNITY has proven to be the ONE reliable source for verified, researched information in all this. NOT the main stream articles that our brokers want us to read.*
|
||||
|
||||
*MSM is* *not* *suddenly our friend just because they recognized that we are doing their jobs better than them here on Superstonk. I do, however, think it's good to point out and celebrate when the media gets it right, within reason. And I'm happy when I see them covering the groundbreaking work we are doing here, like the interview Lucy performed on our behalf with Wes. It's a fine line to toe, but this group is the smartest bunch around and I know we can tell the difference. 💪*
|
||||
|
||||
_______________________________________________________________________
|
||||
|
||||
IT'S TIME TO RISE UP- Mission Critical 🚀🚨🚀
|
||||
|
||||
*Expanding on the words of Wes Christian- by Pink*
|
||||
|
||||
[](https://preview.redd.it/0mtp7l17za371.png?width=750&format=png&auto=webp&s=0f90cb38dd7cfc5fb1b261e41134ac83740c09a1)
|
||||
|
||||
[Here's the link to the original Wes Christian AMA that inspired the fuck out of me](https://www.youtube.com/watch?v=2rJujnpKiqM&t=350s)
|
||||
|
||||
[And here's the link to the most recent Wes Christian AMA with Lucy Komisar](https://youtu.be/q8-JO3g5bm4)
|
||||
|
||||
💎🙌
|
||||
|
||||
"The people we are talking to now (apes) have got the best game in town. The best way to take on a bully, is be a bigger bully"- Wes Christian on Superstonk
|
||||
|
||||
*"So, first I want to thank all the followers in this group. Which I understand is close to 300,000, so realize that each one of you are important to the cause, exposing this, getting this information out is critical. It's going to take all of us to make a change."- WC*
|
||||
|
||||
Did you hear that, Superstonk? How about you in the back, lurkers? ( ͡°( ͡° ͜ʖ( ͡° ͜ʖ ͡°)ʖ ͡°) ͡°)
|
||||
|
||||
YOU'RE NOT ONLY IMPORTANT, YOU ARE HELPING PRODUCE AND DISTRIBUTE CRITICAL INFORMATION TO THE PUBLIC!
|
||||
|
||||
*"It takes a gargantuan effort, it takes people as strong as apes."- WC*
|
||||
|
||||
Apes are strong. Evolving. Adaptive. Resilient. And cunning. But they are stronger together.
|
||||
|
||||
[](https://preview.redd.it/9zyslp5eza371.png?width=800&format=png&auto=webp&s=2ef72ad00c139d756c872a988cfd0ed6342fb7b4)
|
||||
|
||||
*"It takes a warrior. It takes somebody that's principled that never gives up."- WC*
|
||||
|
||||
On days when FUD is high and hope is low, every single ape has to realize that it will take the diligence and resilience of a warrior to win this battle. Leroy Jenkins is within us all.
|
||||
|
||||
[](https://preview.redd.it/3pl3u9cgza371.png?width=732&format=png&auto=webp&s=46fdf92cfc79252cc0ef4b9bb43bba24d9de4df8)
|
||||
|
||||
*"It's up to each of us to make a decision. Do we want to be on the side of right or wrong?"- WC*
|
||||
|
||||
I think we all know which side the apes are on. And history will remember. For generations they have been robbing our families, stealing our ideas and our land and resources, negotiating our time and talents for pennies on the dollar, kept us in class and race wars to distract from the fact that... they've been stealing the world's wealth for a lot longer than Gamestop has been a company. And the game stops here.
|
||||
|
||||
[](https://preview.redd.it/9xnpz6viza371.png?width=620&format=png&auto=webp&s=1dd7ad6339789bcdd4fd14cac4333217ea5b90cc)
|
||||
|
||||
*"How do we want to spend the talents that God gave us?"-WC*
|
||||
|
||||
Are we going to let the FUD stop us from using our talents to grow, nurture, and thrive within this golden think tank that is quickly becoming bigger, mightier, and more precious than the City of Athens? Or are we going to put our wrinkles to work and create to share, to spread knowledge among our kingdom of apes, new and OG alike, and fortify these great walls we have built from the ashes of WSB and GME. To protect the culture and the inevitable philanthropy and hope that will come from these walls post-MOASS... we are a force to be reckoned with. What we are building together within the walls of this city will stand tall and proud, long after the squeeze has squoze.💖💪
|
||||
|
||||
*"Ultimately it's going to take massive amounts of people to want to be involved in this to expose it. We're gonna have to come together as a similar* ~~*wolf*~~ *ape pack to share education to educate ourselves and fight it. And to ultimately win the battle at least as was done in part with Gamestop."-WC*
|
||||
|
||||
[](https://preview.redd.it/0qi53c7mza371.png?width=760&format=png&auto=webp&s=513faa15812bdb156f9810846a590fa3daac446b)
|
||||
|
||||
"It's gonna take a massive effort by the investing public to RISE UP..."-WC
|
||||
|
||||
[](https://preview.redd.it/9m3c4bjoza371.png?width=1258&format=png&auto=webp&s=5cebec230927c10813fa24137a0c55556677578c)
|
||||
|
||||
RISE UP!!!!
|
||||
|
||||
"This effort that this group of ladies and gentlemen are involved in is CRITICAL it's MISSION CRITICAL..."-WC
|
||||
|
||||
[](https://preview.redd.it/8dmfx60rza371.png?width=300&format=png&auto=webp&s=882800906243abe07a859cb4f87e300bdc3ebd80)
|
||||
|
||||
*"Fakeness, or lies, deserve no place in this process."-WC*
|
||||
|
||||
Go with your gut. If someone tells you there's a price ceiling, and especially if it's in the (low) thousands, they are *fucking* *liars*. You know who tells you that the price ceiling is anything below an absurrrrd amount of money?
|
||||
|
||||
People that are paid to tell you that. And to sell on the way up. Especially as anything but a limit order. It's confirmed FUD. Ignore, report, correct in the comments. Call out those shill motherFUDers. Remember, if it looks like a duck and quacks like a duck! 💎🙌🚀🚀🚀
|
||||
|
||||
*"Dilution is a very important point- Dilution is an actionable form of damage model."-WC*
|
||||
|
||||
[](https://preview.redd.it/5fuexxpuza371.png?width=638&format=png&auto=webp&s=808badb985163e9e0cb42c8c03f91feea31dabe5)
|
||||
|
||||
I.E. big lawyer speak for, if you own shares, and your ownership has been diluted (like can be proven by overvoting) because of naked short selling, then THOSE DAMAGES GIVE SUFFICIENT REASON TO TAKE LEGAL ACTION!
|
||||
|
||||
🚨OMG WE CAN SUE THEM!!🚨
|
||||
|
||||
"In the next 3-6 months you're going to see some major things happen on the legal side. We've been increasing our bench exponentially, we've put a big pot of money together, and we're gonna go after this in unprecedented way." -WC
|
||||
|
||||
*"What can change this? Doing what SuperStonk is doing, because it's going to take massive amounts of people to be involved to expose the bullies out there."-WC*
|
||||
|
||||
So what can you, dear ape, do to best help the cause here? VOTE YOUR SHARES! Upvote good content! Follow your nose and report FUD. BTFD. HODL. DIAMOND HANDS ARE STILL EVERYTHING- NO MATTER HOW LONG (or short 😝)!!!! Basically, just keep being fucking awesome. 🤙
|
||||
|
||||
Voting your shares, or finding out what you can do in the case that you can't vote, is the most important thing you can do right now.
|
||||
|
||||
No matter what happens, dear apes, HODLing got us here. And HODLing will take us to the moon and beyond. Remember that by VOTING AND HODLing, we are the catalyst. The catalyst has literally been inside us the whole time. 🚀🚀🚀
|
||||
|
||||
Stay strong and ever vigilant, my dudes. ✌
|
||||
|
||||
___________________________________________________________________________
|
||||
|
||||
Community Spotlight- [u/BodySurfDan](https://www.reddit.com/u/BodySurfDan/)
|
||||
|
||||
The GME lyricist just keeps giving us songs to share. 🎶🐈🎶
|
||||
|
||||
This latest one makes Wes Christian look even more OG, which I didn't know was possible.
|
||||
|
||||
[Here's the latest one from him](https://www.reddit.com/r/Superstonk/comments/nryidd/hold_the_gamestop_saga_soundtrack/), and be sure to check out his other songs he's posted here in Superstonk too. We love seeing the organic art created by the apes, for the apes!! You make the jungle beautiful!! 🦍🤝💪
|
||||
|
||||
___________________________________________________________________________
|
||||
|
||||
DFV Tweets
|
||||
|
||||
[](https://preview.redd.it/rti669fv0b371.jpg?width=1077&format=pjpg&auto=webp&s=260983ec2d40c00ffdff11d3364e4573baf49c53)
|
||||
|
||||
[](https://preview.redd.it/2od54staxa371.jpg?width=1080&format=pjpg&auto=webp&s=12cea3627b312de263ebf336e498083df1c6eaaf)
|
||||
|
||||
[](https://preview.redd.it/gy30av7bxa371.jpg?width=1080&format=pjpg&auto=webp&s=aedf7452c6e3ed9b28487fbdaa3b510ddc104f64)
|
||||
|
||||
[](https://preview.redd.it/qymsktrbxa371.jpg?width=1077&format=pjpg&auto=webp&s=6e99ec31ddc63b312e9b9f065835234fa1ca6718)
|
||||
|
||||
[](https://preview.redd.it/z2at189cxa371.jpg?width=956&format=pjpg&auto=webp&s=bcbc7c1ad18549e5fee7cb4857531e4ae33594d0)
|
||||
|
||||
Oh
|
||||
|
||||
______________________________________________________________________
|
||||
|
||||
We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. *OOK OOK*
|
||||
|
||||
Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry:
|
||||
|
||||
*"I may have been early, but I am not wrong"* *(This quote has never rang more true)*
|
||||
|
||||
Reddit down, wot do?
|
||||
|
||||
Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to:
|
||||
|
||||
[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA)
|
||||
|
||||
<https://twitter.com/ByeTriangle>
|
||||
|
||||
<https://twitter.com/PinkCatsOnAcid>
|
||||
|
||||
<https://twitter.com/RedChessQueen99>
|
||||
|
||||
<https://twitter.com/rensole>
|
||||
|
||||
[](https://preview.redd.it/4jqvt3of2b371.png?width=1600&format=png&auto=webp&s=947c075f671e3f350f38c73d6901ad8c334dff0b)
|
195
Key-Players/2021-05-12-DD-into-Steven-Cohen.md
Normal file
195
Key-Players/2021-05-12-DD-into-Steven-Cohen.md
Normal file
@ -0,0 +1,195 @@
|
||||
A DD into Steven A. Cohen, one of the main villains in the GME saga...
|
||||
======================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/International_Gold20](https://www.reddit.com/user/International_Gold20/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nb0261/a_dd_into_steven_a_cohen_one_of_the_main_villains/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
*If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.* -Sun Tzu
|
||||
|
||||
*Know your enemy.* -Zack de la Rocha
|
||||
|
||||
As someone who has been hodling for many months and paying daily visits (truthfully, multiple daily visits) to the various subs we Apes have called home along the way, I have noticed a shift in focus.
|
||||
|
||||
It is apparent that Gabe "I'm willing to stoop so low that I'll lie about anti-Semitic comments in an attempt to garner sympathy" Plotkin and his Melvin "we lost all of our" Capital, once the main villains in this story, have now been relegated to a side character role.
|
||||
|
||||
Apes' ire has mostly been directed at Ken "I have no soul" Griffin and his Shitadel Insecurities as of late, and rightfully so given Cuck Ken's role in the GME saga and Shitadel's propensity to engage in illegal, unethical practices that put the entire economy at risk.
|
||||
|
||||
But there's another character who seems to largely remain out of the spotlight, despite the fact that he has also played an integral part in all this. Apes likely recall that when Melvin received their $2.75 billion cash infusion back in January (to be clear, it wasn't a bailout *wink wink*), that money came from Shitadel AND Point72, a hedge fund founded in 2014 by the notorious investor and hedge fund manager Steve Cohen.
|
||||
|
||||
[](https://preview.redd.it/yqaend6t6ry61.jpg?width=3000&format=pjpg&auto=webp&s=209b50df0928d88472a70d11bc3ddf36ab3ddf18)
|
||||
|
||||
Reprobate
|
||||
|
||||
Steven A. Cohen is probably best known for being majority owner of the New York Mets, purchasing a 95% stake in the team on October 30, 2020 for a cool $2.475 billion. To some Apes he is probably better known as the hedge fund billionaire douchebag who sent this tweet out into the ether, taunting retail investors after trading was illegally halted on January 28.
|
||||
|
||||
[](https://preview.redd.it/woclcgjz6ry61.png?width=322&format=png&auto=webp&s=671e642b2e24acfbd56d43fc3f6641c03b263a09)
|
||||
|
||||
Taunting after blatantly cheating? Classy.
|
||||
|
||||
Apes no doubt member that trading was halted because of the "recent volatility" occurring at that time, and brokers like Robbinghood understood that it was as "important as ever that we help customers stay informed," so amid that volatility they made "a risk-management decision" and restricted the buying of multiple securities, including GME. Or was it because of increased liquidity requirements?
|
||||
|
||||
Maybe their servers went down? No wait, that was why trading cryptocurrencies was halted on ~~two~~ three different occasions, right? Not anything to do with GME.
|
||||
|
||||
Sorry, I'm having a hard time keeping all the "facts" straight in my lissencephalic brain.
|
||||
|
||||
[](https://preview.redd.it/97xic6t27ry61.jpg?width=638&format=pjpg&auto=webp&s=b51ef34eb0a15608256d637e2fb890370137afb0)
|
||||
|
||||
And after being criticized by none other than Mr. Paper Portnoy himself:
|
||||
|
||||
[](https://preview.redd.it/jlyr0hg47ry61.png?width=586&format=png&auto=webp&s=9e856e446a9c577f9739b286b28799652e65fd10)
|
||||
|
||||
See, the poor guy is just trying to make a living like the rest of us.
|
||||
|
||||
Just like any one of us he owns a 35,000 square foot home with a full-size indoor basketball court, a swimming pool "enclosed in a glass pleasure dome," a 6,734-square-foot ice-skating rink, and a two-hole golf course, plus the neighboring $5 million dollar home in case those pesky in-laws come to visit the compound.
|
||||
|
||||
[](https://preview.redd.it/zncl67j57ry61.jpg?width=800&format=pjpg&auto=webp&s=94ce67b46c5fe0e5d98e6a8965ad7592993149a3)
|
||||
|
||||
One of Steve's many humble properties.
|
||||
|
||||
I'm sure all of us have probably purchased a $62.5 million 10,000 square foot East Hampton mansion only to tear it down a mere THREE YEARS LATER to build a newer, BETTER house in its place, no? You don't want one of your many homes to be sub-par, do you?
|
||||
|
||||
And Apes like art, right? I'm a fan of Banksy, myself.
|
||||
|
||||
[](https://preview.redd.it/26eur7jb7ry61.jpg?width=1000&format=pjpg&auto=webp&s=e7fa82d2e9175a92d9e89beb90c7940433c87450)
|
||||
|
||||
Judgement day cometh...
|
||||
|
||||
Cohen's modest art collection is valued at more than $1 billion and includes such items as an $8 million 14-foot shark preserved in formaldehyde, otherwise known as Damien Hirst's *The Physical Impossibility of Death in the Mind of Someone Living*, and Picasso's *Le Rêve*, purchased for a cool $155 million. At the time it was the most a U.S. collector had ever paid for artwork, but that record was broken when Willem de Kooning's *Interchange* was purchased for around $300 million in September 2015 by none other than Soulless Stiff K.Griff himself.
|
||||
|
||||
[](https://preview.redd.it/0mpoigae7ry61.jpg?width=1000&format=pjpg&auto=webp&s=e34c2bd70757b956184f3ad1b128daef66829e68)
|
||||
|
||||
The Willem de Kooning and Jackson Pollock. Source: Art Institute of Chicago. Billionaire Ken Griffin paid about $500 million for two paintings by Abstract Expressionist masters in one of the largest private art deals ever. He keeps the paintings in the same hermetically sealed vault where he keeps his mayo.
|
||||
|
||||
What I'm trying to say is that Steven A. Cohen's art collection is essentially no different than any other standard Ape's art collection. He's just like you or me.
|
||||
|
||||
And c'mon...show of hands, how many apes out there are majority owners of a professional sports franchise? I know you're out there. Stop being so bashful.
|
||||
|
||||
The point is that he is *only* *trying to make a living* just like everyone else. Geesh. He only made $1.7 billion in 2020 during the pandemic. Cut the guy some slack.
|
||||
|
||||
And he's been a real stand-up guy his entire career. His first job after graduating college in 1978 was at Gruntal & Co. and he didn't waste any time building the impeccable reputation that follows him to this day. He was the subject of insider trading investigations throughout the 1980's, and court documents filed by his then wife, Patricia, indicated that Cohen was stressed and in a near-panic. In June 1986, the SEC finally called him to testify...
|
||||
|
||||
But he refused to answer any questions or provide trading records or any of the other documents that he was subpoenaed to produce. He basically sat silent while his lawyer answered questions about...why he wouldn't be answering any questions. He took the Fifth without actually explicitly stating that he was taking the Fifth. Even when he did provide an answer, he didn't really answer...
|
||||
|
||||
SEC staff attorney: What is your date and place of birth?
|
||||
|
||||
Steven A. Cohen: Upon the advice of counsel I respectfully decline to answer the question on the ground that I'm being compelled to be a witness against myself.
|
||||
|
||||
Cohen was never charged with anything, but things didn't really cool down for him as the SEC subsequently started peering into his investments involving Brett K. Lurie, his one-time lawyer and "exceptionally good friend."
|
||||
|
||||
Uncle Brett, as he was known to Steve's kids, would later be convicted on eight counts of conducting a scheme to defraud in the first degree, nine counts of intentional real estate securities fraud, three counts of grand larceny in the second degree, three counts of grand larceny in the third degree, and one count of offering a false instrument for filing in the first degree. He skipped out on his sentencing (and also the court hearing for his disbarment by the NJ Supreme Court, that dirty little rascal) but was later apprehended in Costa Rica and ended up serving 3 years in state prison.
|
||||
|
||||
Stevie boy once again escaped unscathed.
|
||||
|
||||
After being the subject of so many investigations he decided that it was time to ascend the ladder and extend the radius of his positive light, so in 1992 Steblen A. Colon started his own hedge fund, S.A.C. Capital Advisors, the name derived from his initials.
|
||||
|
||||
Before we talk any more about Steven "Everyman" A. "is for asshole" Cohen, let's step aside for a moment and get to know another character interwoven into the history of GME. Someone who happens to know Stevie Co-co (and his completely not evil businesses) quite well.
|
||||
|
||||
Enter BJ Kang.
|
||||
|
||||
Kang is a name a few apes may know, but for those who are unfamiliar with him, he was an accountant before becoming a member of the Federal Bureau of Investigation's securities task force, and he played a major role in the investigation of Bernie Madoff. Just 309 days after Madoff's arrest, Kang would be photographed here:
|
||||
|
||||
[](https://preview.redd.it/rnt3kwbg7ry61.jpg?width=450&format=pjpg&auto=webp&s=b09aa5b6a157818c959dc809c8e487a84438388a)
|
||||
|
||||
October 16, 2009
|
||||
|
||||
One of these men is Kang and the other is Raj Rajaratnam, a Sri Lankan hedge fund manager who, not long after this photo was taken, was convicted of 14 counts of conspiracy and securities fraud, sentenced to 11 years in prison, and paid a combined $150 million in criminal and civil penalties. If you guessed Kang is the Korean American on the right wearing the dark blue FBI jacket and Raj is the guy on the left rawking the button-up sweater vest with his hands behind his back, you are correct. Well done, Apes.
|
||||
|
||||
Kang has been described as "the most feared man on Wall Street" and was so ice cold that Rajaratnam stated in an interview with Newsweek that as he was being hauled away from his family Kang said to him, "Take a good look at your son. You're not going to see him for a long time. Your wife doesn't seem so upset. Because she's going to spend all your money."
|
||||
|
||||
Ouch...
|
||||
|
||||
After the Madoff and Raj Raj cases, court documents and interviews with industry insiders indicated that Kang's next target was going to be SAC Capital Advisors, L.P.
|
||||
|
||||
You see, Kang had already been interviewing SAC employees as far back as 2007 as part of an undisclosed investigation into alleged "trading irregularities" at the fund. Along with evidence that SAC was manufacturing false negative analytical reports in order to help artificially manipulate stock prices and earn millions on their short positions (wait...that sounds familiar...), there was also the little problem of the SAC analyst who was forced to perform fellatio on his male supervisor before completing trades.
|
||||
|
||||
[](https://preview.redd.it/7sn7tkpk7ry61.jpg?width=680&format=pjpg&auto=webp&s=6dcbdc6f26faf0c7a2edd5a23375fb08b5088074)
|
||||
|
||||
Yes, you read that correctly, and no, it's not fan fiction. Andrew Tong was the unfortunate soul who found himself providing mouth love in exchange for tendies while he was employed as an analyst at SAC. Tong had filed a lawsuit against his former male supervisor, Ping Jiang, a top trader for SAC, and alleged that he was forced to give Jiang blow jobs prior to completing trades. He also stated he was ordered to take female hormones so that he could become "the ideal analyst/trader."
|
||||
|
||||
[](https://preview.redd.it/hgyguadt7ry61.gif?format=mp4&s=5acdb5054bf30d923afce9970afe91022afc01fd)
|
||||
|
||||
Female hormones and blow jobs for trades? That's a bold strategy...
|
||||
|
||||
After Jiang (the fellatee) ordered Tong (the fellator) and a couple other SAC underlings to engage in a scheme to manipulate the share price of a Chinese diesel engine manufacturing company (China Yuchai International Ltd.) and their efforts failed, SAC took a $3 million hit and Jiang blamed Tong for the loss. He was subsequently fired, but Tong stated that the ACTUAL reason he was fired was because he stopped taking female hormones and he was no longer providing hummers to Jiang. No one said a career in finance was going to be easy.
|
||||
|
||||
Kang continued to lead the latest investigation of SAC (remember, this is now a separate investigation from the one involving all the blow jobs) into 2011, along with collaboration from the Southern District of New York. Sadly, he would eventually be transferred out of the New York Office, but the case was left in the capable hands of Preet Bharara, the U.S. Attorney for the SDNY, and Richard Zabel, his deputy. Their evidence contained numerous examples of Cohen receiving seemingly inside information from his traders and analysts, something that some SAC employees told the FBI was "part of their job."
|
||||
|
||||
In one such instance Steve was sent an email from the research trader at SAC that contained inside information about Dell's ($DELL) quarterly earnings; he subsequently sold all 500,000 of his Dell shares. Two days after the email, Dell released its quarterly earnings (they didn't do so well...) and their stock fell. Cohen, of course, avoided losing a substantial amount of money.
|
||||
|
||||
[](https://preview.redd.it/xyy4a3fu7ry61.png?width=550&format=png&auto=webp&s=72138ad754e4bd088bdb58e7f7b961ce23765af4)
|
||||
|
||||
Benjamin Bowmar Curtis, the actor in these infamous commercials, was arrested for purchasing 1/8th of marijuana in 2003.
|
||||
|
||||
For reasons that should be obvious, Bharara and Zabel were considering a criminal indictment of Steev A-hole Co-In.
|
||||
|
||||
So our art collecting, MLB franchise owning defendant assembled the kind of legal dream team that only a billionaire could afford. It included such heavy hitters as Martin Klotz, his main defense attorney, outside legal advisor to Cohen and SAC Capital Advisors for over a decade, and the recipient of a Ph.D. in philosophy from Yale, and Theodore Wells, "whose closing statements were so powerful that he sometimes brought himself to tears."
|
||||
|
||||
Their defense of Cohen, a man described as "a notoriously demanding boss" with "access to every bit of trading data that was gathered by his portfolio managers and their teams" and "a rapacious consumer of information about his stocks," boiled down to this quote from Klotz: "Steve does not remember reading it. He may not have read it."
|
||||
|
||||
[](https://preview.redd.it/moh7vvb68ry61.jpg?width=666&format=pjpg&auto=webp&s=d4b4fbded510ee857e0826352d297bea69535a87)
|
||||
|
||||
"It's just inconceivable that they didn't explore their position, with that much money flying around. It just isn't credible." -Richard Zabel
|
||||
|
||||
In the end, eight SAC employees were convicted or plead guilty to conspiracy and securities fraud. One such employee, Mathew Martoma, was found guilty of what federal prosecutors called "the most profitable insider-trading conspiracy in history." He was sentenced to 9 years in prison and ordered to forfeit more money than his actual net worth. Funny story about Martoma, he didn't testify in his own defense because if he had, he might have been required to answer questions about when he falsified a transcript of his grades and got expelled from Harvard Law School. Hey, at least he didn't force a subordinate to perform oral sex on him...
|
||||
|
||||
[](https://preview.redd.it/ey2ocf278ry61.jpg?width=1000&format=pjpg&auto=webp&s=90975ea2cdae2a5f7ee41d31134d17b385078040)
|
||||
|
||||
Systemic criminality
|
||||
|
||||
In addition to all of the individual SAC employees, Bharara ultimately decided to indict SAC Capital itself. He described the firm as a "magnet for market cheaters." Their vast illegal trading had been ongoing for over a decade and had resulted in illegal profits of "AT LEAST" hundreds of millions of dollars.
|
||||
|
||||
"When so many people from a single hedge fund have engaged in insider trading, it is not a coincidence. It is, instead, the predictable product of substantial and pervasive institutional failure. As alleged, S.A.C. trafficked in inside information on a scale without any known precedent in the history of hedge funds."
|
||||
|
||||
The SAC Capital Advisors hedge fund group eventually signed a guilty plea admitting to multiple counts of insider trading and fraud and agreed to pay a total of $1.8 billion in fines. It was also required to stop handling investments for outsiders. And despite the SEC initially seeking to ban Cohen from the industry for life, he eventually reached a settlement that allowed him to resume managing outside money after two years.
|
||||
|
||||
And wouldn't you know it, that sociopathic mass of unevolved protoplasm otherwise known as Steve Cohen was not criminally indicted. He was once again able to avoid facing any repercussions for his actions. As *The Financial Times* put it: "[Cohen] escaped criminal indictment himself despite being the living, breathing heart of S.A.C. Capital..."
|
||||
|
||||
*Steal a little and they throw you in jail. Steal a lot and they make you king.* -Bob Dylan
|
||||
|
||||
Thankfully, Steve "the dirty cock sleeve" Cohen learned his lesson and repented. SAC Capital Advisors transferred most of its assets and converted its operations to the Point72 Asset Management family office in 2014, and Cohen has maintained an impeccable workplace ever since.
|
||||
|
||||
Just kidding. You didn't actually believe that did you?
|
||||
|
||||
In 2018, the two-year ban ended and Point72 was allowed to start accepting capital from external investors again. Also in 2018, Lauren Bonner, an associate director at Point72, filed a lawsuit accusing the firm of operating as a "boys' club" with a culture of "structural sexism." She alleged that women were belittled by high-level employees, with a top executive proclaiming "no girls allowed" prior to some meetings.
|
||||
|
||||
At the time of her lawsuit, only one of the 125 portfolio managers and only one of the 30 managing directors was a woman. None of the members of its hiring committee were women.
|
||||
|
||||
And then there's the little issue involving what was lovingly referred to as the "Pussy Board," a whiteboard in the office of then president of Point72, Douglas Haynes. "Female employees were humiliated and ashamed as they were forced to work and participate in meetings held in Haynes's office, including with other male executives, as the Pussy Board drifted above them, taunting them with repulsive references to their own bodies," Bonner said.
|
||||
|
||||
Her complaint also stated that female employees "regularly and openly discuss the fact that as long as Haynes is President at Point72, 'women will be paid less.'" Men were earning two to three times as much as their female counterparts at that time.
|
||||
|
||||
Haynes resigned a little more than four weeks after the sexual discrimination lawsuit was filed.
|
||||
|
||||
[](https://preview.redd.it/jf0nb5vj9ry61.gif?format=mp4&s=b1155a13eadbc51264eb2f00e84f483840c10b15)
|
||||
|
||||
Badly needed at Point72...
|
||||
|
||||
And the list goes on and on and on...
|
||||
|
||||
There are the numerous allegations of workplace misconduct, including sexual harassment, involving Cohen's New York Mets (to be fair, some of the allegations occurred prior to his purchase of the team).
|
||||
|
||||
The October 2019 lawsuit by former Point72 head of global macro, Sara Vavra, that asserted that Cohen "behaved in sexist ways and promoted a hostile work environment" and he was "belittling other women who worked for the company." He called Vavra "so stupid" and "an idiot" and used "a derogatory word for a woman's genitals."
|
||||
|
||||
Like Felicity Huffman or Lori Loughlin, he seems to have manipulated the college admission process. He provided a tax-deductible $5 million "gift" to USC at the same time that his twin daughters, Isabella and Olivia, were trying to get into USC's School of Cinematic Arts, the perennial No. 1 ranked program on The Hollywood Reporter's Top 25 American Film Schools list. Surprise! They got two of the handful of highly competitive screenwriting spots at the school.
|
||||
|
||||
As Jessica Ramos of The NY Daily News wrote in her article, *Mets fans deserve better than Steve Cohen:* "It seems that wherever Cohen goes and whatever he touches, controversy and corruption follow in short order."
|
||||
|
||||
Ready to come full circle?
|
||||
|
||||
After graduating college, Gabe Plotkin started his career at Citadel LLC, then later joined SAC Capital just before starting his own glorious firm, Melvin Capital. According to federal prosecutors, Plotkin received illegal insider information while at SAC. Shocking...
|
||||
|
||||
Which side of an investment would you rather be on? The side with men like Steve Cohen and their fraud, conspiracy, and toxic workplace culture with disturbing accounts of sexual harassment? Or the side with men like Ryan Cohen, who built Chewy from the ground up with an emphasis on customer service, kindness, and compassion?
|
||||
|
||||
I like my odds.
|
||||
|
||||
See you all at the after-party in Valhalla...
|
||||
|
||||
💎🤲🦍🤝💪🚀
|
||||
|
||||
P.S. As Apes continue to invest wisely and inadvertently cause the demise of evil financial terrorists (and sexual deviants), it's important to remember Steven A. Cohen and do what can be done to prevent him from getting away scot-free yet again. Not only that, we must hold our politicians accountable and ensure that none of our tax dollars go towards "bailing out" or helping men like Steve. Let's make this world a better place.
|
98
Live-Charting-Archives/2021-05-20-Live-Charting.md
Normal file
98
Live-Charting-Archives/2021-05-20-Live-Charting.md
Normal file
@ -0,0 +1,98 @@
|
||||
Jerkin' it with Gherkinit S1 E10 Live Charting for 5/20/21
|
||||
==========================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ngyvos/jerkin_it_with_gherkinit_s1_e10_live_charting_for/) |
|
||||
|
||||
---
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
Hello Superstonk!
|
||||
|
||||
I hope everyone is well. I am getting ready for what I can only assume is going to be another pretty turbulent day. The S&P 500 gapped down and filled early this morning and is still looking unstable. Crypto markets are rallying back after the dip yesterday. Also we have some new regulation coming that went into effect yesterday in the after-market. I haven't had a chance to look into this yet as I have had a really crazy 24 hours personally. But if any more well informed apes care to handle questions on that I would greatly appreciate it.
|
||||
|
||||
Which brings me to my next point, I had a quite sudden family emergency arise yesterday and have to fly-out today there will be no live-charting or stream on Friday. I am so sorry for the sudden warning but I did not have a chance to plan this myself.
|
||||
|
||||
I will be hosting a live-chat on the discord channel this Friday and as always you can DM with questions . I will be aware of the markets Friday just unable to conduct my usual business. I am so sorry for the inconvenience this causes you guys but I should be back bright and early Monday and will attempt to at least push out the Technical DD for next week.
|
||||
|
||||
think this warning remains valid this week so I will reiterate it *
|
||||
|
||||
*As price action picks up today, I may walk away from the reddit post while managing positions, if this is the case you can find me on the stream and discord for a while longer at the links below.*
|
||||
|
||||
If you want to watch along with the daily livestream <https://www.youtube.com/c/PickleFinancial>
|
||||
|
||||
Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
|
||||
|
||||
(save these links in case reddit goes down)
|
||||
|
||||
Historical Resistance/Support:
|
||||
|
||||
116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256
|
||||
|
||||
*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.*
|
||||
|
||||
Edit 6 1:51
|
||||
|
||||
Last update for the day. Thank you all for tuning in it looks like we are bouncing on VWAP. I'm looking for a crossover on the lower resistance of that bull flag for a possible test at 180 today. Otherwise same old max pain. Tomorrow could be interesting as there was no good time to roll options this week and that OI is still kind of nuts. See you all Monday.
|
||||
|
||||
-Gherkinit
|
||||
|
||||
[](https://preview.redd.it/y5h0dvpucb071.png?width=850&format=png&auto=webp&s=48f1d5b5d090b126da6e950f69546b6bb4a8d6df)
|
||||
|
||||
Edit 5 1:20
|
||||
|
||||
Shot up above vwap but still not crossing that lower band of the bull flag. Watching for the end of this consolidation for a test
|
||||
|
||||
[](https://preview.redd.it/7nfrkm2c7b071.png?width=903&format=png&auto=webp&s=8b6f8d6259d070993f173c8a82ea3838788aac13)
|
||||
|
||||
Edit 4 12:00
|
||||
|
||||
Could see new intraday low if the downtrend continues as we have now dropped below 170 support
|
||||
|
||||
[](https://preview.redd.it/z5bp4pc5ta071.png?width=1141&format=png&auto=webp&s=c33598471b8fc75be5d9632d96d1350c7637e673)
|
||||
|
||||
Edit 3 11:17
|
||||
|
||||
Bull pennant forming on the 1-min 54% chance for an upside break although i think it is lower because of reduced volume.
|
||||
|
||||
[](https://preview.redd.it/n95fqc7ela071.png?width=1178&format=png&auto=webp&s=1dd614e989df3b86359e61dcff396d5223917058)
|
||||
|
||||
Edit 2 10:21
|
||||
|
||||
Broke through the bottom resistance of that bull flag looking to break out of the top by eod. Exactly as predicted...
|
||||
|
||||
[](https://preview.redd.it/f7gv7gkdba071.png?width=1199&format=png&auto=webp&s=28486c028b4e3c45cba69ffefd56169db4de8870)
|
||||
|
||||
Edit 1 10:00
|
||||
|
||||
Looks like we are seeing that uptrend I predicted I am looking for a test of 180 at a minimum today ideally 190. Volume 500k shares borrowed 130k
|
||||
|
||||
[](https://preview.redd.it/3b6cx2fo7a071.png?width=1071&format=png&auto=webp&s=a1be85e7ccbe2f6fda95136866955e218c7978f6)
|
||||
|
||||
Pre-Market Analysis
|
||||
|
||||
Pre-Edit 1
|
||||
|
||||
Had a bit of a volatile spike right at the open of the EU markets could be due to regulations coming into effect or just some retail see some positive news articles for a change.
|
||||
|
||||
[](https://preview.redd.it/pm4i47x4p9071.png?width=1291&format=png&auto=webp&s=1c7438c3c0f00d8432685f65d69c0537ee61f14a)
|
||||
|
||||
It also looks like we broke to the downside of that second bull flag, but with the 400k shares borrowed yesterday and the overall market action, I expect that we can return to the upside similar to the fuckery that occurred at the end of the pennant last Wednesday.
|
||||
|
||||
[](https://preview.redd.it/jom2hinpq9071.png?width=965&format=png&auto=webp&s=7b598a8010390fda5734c5dbf67ab37a38c2d579)
|
||||
|
||||
MACD still looking bullish as it continues to diverge
|
||||
|
||||
[](https://preview.redd.it/u9fmlsbzp9071.png?width=1091&format=png&auto=webp&s=0f408b4c7d3253d3ebd26f4fbd02c3bef97495a5)
|
||||
|
||||
BBKC and TTM still looking bullish not a lot of change here till we see more explosive action
|
||||
|
||||
[](https://preview.redd.it/m1x3fxxuq9071.png?width=984&format=png&auto=webp&s=b52d963471c95379bce418ec88ceaf7c7e4cea83)
|
||||
|
||||
Even with the pre-market spike it looks like very little arbitrage occurred on CV VWAP
|
||||
|
||||
**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
|
||||
|
||||
*No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
|
100
Live-Charting-Archives/2021-05-24-Live-Charting.md
Normal file
100
Live-Charting-Archives/2021-05-24-Live-Charting.md
Normal file
@ -0,0 +1,100 @@
|
||||
Jerkin' it with Gherkinit S1 E11 Live Charting for 5/24/21
|
||||
==========================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/njwo7v/jerkin_it_with_gherkinit_s1_e11_live_charting_for/) |
|
||||
|
||||
---
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
Good Morning Everyone!
|
||||
|
||||
It's good to be back! Thank you everyone for the well wishes, It really meant a lot to me. Your support and friendship has been tremendous these last few weeks. All is well, and I am ready to get back to stonk watching with you guys.
|
||||
|
||||
I am currently getting myself hyped up for another Monday. Based on the continuing crypto crash over the weekend I expect some of that liquidity to flow into GME today. I am looking forward to another strong Monday this week.
|
||||
|
||||
I think this warning remains valid this week so I will reiterate it *
|
||||
|
||||
*As price action picks up today, I may walk away from the reddit post while managing positions, if this is the case you can find me on the stream and discord for a while longer at the links below.*
|
||||
|
||||
If you want to watch along with the daily livestream <https://www.youtube.com/c/PickleFinancial>
|
||||
|
||||
Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
|
||||
|
||||
(save these links in case reddit goes down)
|
||||
|
||||
Historical Resistance/Support:
|
||||
|
||||
116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256
|
||||
|
||||
*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.*
|
||||
|
||||
Edit 9 4:01
|
||||
|
||||
Closed up for the day, overall a win. I think some of that downward action was some stop-losses probably not apes but there was also some S&P consolidation there as well. I think we look pretty good going into tomorrow. Let's see what happens in after hours but I would love to just test 190 right out of the gate. Thank you all for tuning in and all the support. I will be jumping on questions for about an hour then going to bed. See you all tomorrow.
|
||||
|
||||
- Gherkinit
|
||||
|
||||
[](https://preview.redd.it/5p0kfy8qj4171.png?width=730&format=png&auto=webp&s=d5daef38fe25ccd5a8d9cb4f22d86c7910fb99a4)
|
||||
|
||||
Edit 8 3:47
|
||||
|
||||
Pushing 180 again a close above 182.5 would be a huge win
|
||||
|
||||
[](https://preview.redd.it/xp4gjlcbh4171.png?width=904&format=png&auto=webp&s=0ebe380eca71850c2894a64489327f1828fb71a8)
|
||||
|
||||
Edit 7 3:18
|
||||
|
||||
Did a little dippy-poo but looks like we are bouncing back to test 180 again. What a pathetic short attack.
|
||||
|
||||
[](https://preview.redd.it/kynsbve4c4171.png?width=800&format=png&auto=webp&s=93041296fa37b2d2aeda548cf0633f4425f89471)
|
||||
|
||||
Edit 6 2:48
|
||||
|
||||
Dip ! 100k shares sold and more coming looks like they are trying to push us under 180
|
||||
|
||||
[](https://preview.redd.it/q3hvhg1p64171.png?width=874&format=png&auto=webp&s=6cbc4510a98b08f23d699854e1bce9b3c6f21458)
|
||||
|
||||
Edit 5 2:27
|
||||
|
||||
Flat as the desert our volume was harvested in. But still holding that support.
|
||||
|
||||
[](https://preview.redd.it/ln0el1lx24171.png?width=1328&format=png&auto=webp&s=279395e5ac8f4fd990b97845cb4d29863d039c2b)
|
||||
|
||||
Edit 4 12:56
|
||||
|
||||
Still trading sideways along the 185 resistance Plenty of consolidation I'd like to see another attempt at 190 before EOD
|
||||
|
||||
[](https://preview.redd.it/wigqvlyum3171.png?width=1510&format=png&auto=webp&s=0d600066ee816913a4f9b521435174e93fbb19cc)
|
||||
|
||||
Edit 3 11:32
|
||||
|
||||
Consolidating on 185 right now 180 looking like confirmed support so at least 1 step closer to getting our hands on some of that nice warm mayo. Bull flag I predicted should be a little above 190 so I'm still looking for that test.
|
||||
|
||||
[](https://preview.redd.it/rr17fwt083171.png?width=1148&format=png&auto=webp&s=b6952524edf6112f18d5d1ee1d76596451ce3133)
|
||||
|
||||
Edit 2 10:37
|
||||
|
||||
Breaking to the upside of this pennant on 1.12M volume. At least we are holding strong at 180 for now,
|
||||
|
||||
[](https://preview.redd.it/ittn38nyx2171.png?width=1060&format=png&auto=webp&s=94d6fc7e72cec706ea2c4a69920c2a75112c44f7)
|
||||
|
||||
Edit 1 9:47
|
||||
|
||||
Failed that test of 180 trending back down to VWAP volume is at 485k
|
||||
|
||||
[](https://preview.redd.it/axpyugozo2171.png?width=1088&format=png&auto=webp&s=46538b38f5f3652bff79343ccc7c3e8a6ad81810)
|
||||
|
||||
Pre-Market Analysis
|
||||
|
||||
We got a pretty hard spike on the open of the EU markets this morning jumping up and testing that 180 resistance right out of the gate we are looking pretty volatile and I am expecting to test that resistance again near open as we gap up.
|
||||
|
||||
[](https://preview.redd.it/tf7r0uff62171.png?width=1516&format=png&auto=webp&s=5112baf7bf3a62577c1b9e7fbd42e411980ab544)
|
||||
|
||||
[Check out yesterday's DD](https://www.reddit.com/r/Superstonk/comments/njjd9p/jerkinit_with_gherkinit_forward_looking_ta_for/) for the price action I am looking for this week as I expect GME is continuing an upward trending pattern.
|
||||
|
||||
**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
|
||||
|
||||
*No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
|
112
Live-Charting-Archives/2021-05-25-Live-Charting.md
Normal file
112
Live-Charting-Archives/2021-05-25-Live-Charting.md
Normal file
@ -0,0 +1,112 @@
|
||||
Jerkin' it with Gherkinit S1 E12 Live Charting for 5/25/21
|
||||
==========================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nkong7/jerkin_it_with_gherkinit_s1_e12_live_charting_for/) |
|
||||
|
||||
---
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
Good Morning Future Dillionaires!
|
||||
|
||||
It's me pickle guy here with another day of market fuckery. Yesterday the SHF dumped about 330,000 shares at around 2:45 in what has been the most concentrated effort to drop the price that I've seen since the 10th. It didn't do much however as we still closed ever so slightly above 180. We know were the mayo is and our sandwiches are dry af, I hope Kenny is keeping it nice and warm.
|
||||
|
||||
*As price action picks up today, I may walk away from the reddit post while managing positions, if this is the case you can find me on the stream and discord for a while longer at the links below.*
|
||||
|
||||
If you want to watch along with the daily livestream <https://www.youtube.com/c/PickleFinancial>
|
||||
|
||||
Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
|
||||
|
||||
(save these links in case reddit goes down)
|
||||
|
||||
Historical Resistance/Support:
|
||||
|
||||
116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256
|
||||
|
||||
*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.*
|
||||
|
||||
Pickle-Time After Party
|
||||
|
||||
Well now that we are fully slathered in ken's mayo I think we are getting ready to just absolutely launch into the stratosphere. Finally broke to the upside of $200 dollars today closing beautifully right at the 210 resistance. I think we may see some post-market action but nothing major as liquidity dries up.
|
||||
|
||||
[](https://preview.redd.it/n5524bxnpb171.png?width=720&format=png&auto=webp&s=0884e101cf380732a148c5383106bb0531e5d153)
|
||||
|
||||
Here is were we stand on the 4hr chart.
|
||||
|
||||
[](https://preview.redd.it/bjvzpt9fqb171.png?width=1343&format=png&auto=webp&s=abcd1c7f2b9c472f1079d04004113a221a919270)
|
||||
|
||||
Breaking to the upside of that ascending pattern as we get ready to enter stage 2 of the ascent, who's ready for some FOMO? Thank you all so much for hanging out today your support as always has been so meaningful to me. Remember your all worth millions and should never settle for a penny less! See you tomorrow morning at 9am.
|
||||
|
||||
- *Gherkinit*
|
||||
|
||||
Edit 9 3:10
|
||||
|
||||
looking like a nice turn around after that bull flag 0 shares available to borrow only way to go is up.
|
||||
|
||||
[](https://preview.redd.it/jidpnx2ifb171.png?width=1410&format=png&auto=webp&s=e2d5d14768989257515316944794f74365edc7a7)
|
||||
|
||||
Edit 8 2:12
|
||||
|
||||
Looking for a test of 200 after passing that 192.50 resistance
|
||||
|
||||
[](https://preview.redd.it/6qklhk665b171.png?width=1581&format=png&auto=webp&s=5c9303f6af827c0a80a45b337c0a05b77de44436)
|
||||
|
||||
Edit 7 1:11
|
||||
|
||||
Chop on 190 volume is really low maybe a real power hour today?
|
||||
|
||||
[](https://preview.redd.it/xlfvc7jbua171.png?width=1357&format=png&auto=webp&s=f215e287bfb789bf14024d22f69c7a9027773925)
|
||||
|
||||
Edit 6 12:17
|
||||
|
||||
Head shoulders broke to the downside looks like we might hit 190 and sit there volume is still really low.
|
||||
|
||||
[](https://preview.redd.it/20aautjpka171.png?width=1278&format=png&auto=webp&s=573e5c85d4e0e93cf1bade006362cb6affafee4e)
|
||||
|
||||
Edit 5 11:21
|
||||
|
||||
Failed the 190 test dipping down below VWAP. Market is also down right now.
|
||||
|
||||
[](https://preview.redd.it/6y67e2yoaa171.png?width=538&format=png&auto=webp&s=6fd9240fb59088a8d4bf6cce4dcd54a0a1065869)
|
||||
|
||||
Edit 4 11:03
|
||||
|
||||
Looking for a break to the upside of this consolidation
|
||||
|
||||
[](https://preview.redd.it/ixnfvtze7a171.png?width=1375&format=png&auto=webp&s=7e373246e161bf1a767836946d882d80487993b2)
|
||||
|
||||
Edit 3 10:30
|
||||
|
||||
The TA citadel doesn't want you to know about if we hold this 192.5 we could test 200 with a break to the upside of that last triangle.
|
||||
|
||||
[](https://preview.redd.it/o5khwtgn1a171.png?width=1454&format=png&auto=webp&s=ea81b1b36c8a4912bbb1d1e6c3456da2642cfb75)
|
||||
|
||||
Edit 2: 10:06
|
||||
|
||||
Pretty solid rejection at 190 about 200k shares dumped if we cross back over VWAP i expect another test
|
||||
|
||||
[](https://preview.redd.it/a0f9pgh7x9171.png?width=1267&format=png&auto=webp&s=c427d1509628169a73ca40ee39ee189e6b42e127)
|
||||
|
||||
Edit 1: 9:46
|
||||
|
||||
The oracle of the pickle jar reporting in! Testing 190 at 800k volume looking real strong we could see 200 today if this trend continues
|
||||
|
||||
[](https://preview.redd.it/7v3nilkzt9171.png?width=1075&format=png&auto=webp&s=10c6192328a5732c38462291d6e8d934b9b4f467)
|
||||
|
||||
Pre-Market Analysis
|
||||
|
||||
I hoping for a test of 190 out of the gate much like yesterdays move up. We hit 182. 50 in the pre-market and then got rejected so at minimum a test of 182.5o again if that succeeds a test at 190.
|
||||
|
||||
[](https://preview.redd.it/vn4hdpb5g9171.png?width=1509&format=png&auto=webp&s=71fa495a2fe2c0df2bca5df2c2b4064b783ac542)
|
||||
|
||||
BBKC/TTM is still throwing the buy signal
|
||||
|
||||
and I expect a completion of the bull flag pattern.
|
||||
|
||||
[](https://preview.redd.it/7dq8imeng9171.png?width=1006&format=png&auto=webp&s=3d0db5186c1cab9f9524cb9fe3587bb1f541f76b)
|
||||
|
||||
**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
|
||||
|
||||
*No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
|
116
Live-Charting-Archives/2021-05-26-Live-Charting.md
Normal file
116
Live-Charting-Archives/2021-05-26-Live-Charting.md
Normal file
@ -0,0 +1,116 @@
|
||||
Jerkinit it with Gherkinit S2 E1: FOMO Live Charting for 5/26/21
|
||||
================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nlg4y2/jerkinit_it_with_gherkinit_s2_e1_fomo_live/) |
|
||||
|
||||
---
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
Good Morning Newly Minted Thousandaires!
|
||||
|
||||
How does it feel to have that extra $40 dollars of hedgie money per share in your bank account? It feels great! But we aren't done yet, we want more, lots more. Why? because, you made us wait four months. Maybe, we will squeeze them for just as long?
|
||||
|
||||
Remember that as this begins to pop off, remember the systemic corruption, greed, and nepotism that allowed this to happen in the first place.
|
||||
|
||||
Remember 2008, the reason many of us have never owned a home and instead live in a feudal landowner serf system.
|
||||
|
||||
Remember that paycheck that didn't pay you what are worth.
|
||||
|
||||
Remember the news articles you've had to read every day telling you "10 better things to do with your money than invest in GME"
|
||||
|
||||
Remember if all the economies of the world fail, GME has it's own currency.
|
||||
|
||||
Remember these things before you ever consider making a deal.
|
||||
|
||||
Every ape is worth millions.
|
||||
|
||||
We will never forget the taste of that sweet, sweet mayo!
|
||||
|
||||
*As price action picks up today, I may walk away from the reddit post while managing positions, if this is the case you can find me on the stream and discord for a while longer at the links below.*
|
||||
|
||||
don't be a dickle and check out the daily livestream <https://www.youtube.com/c/PickleFinancial>
|
||||
|
||||
Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
|
||||
|
||||
(save these links in case reddit goes down)
|
||||
|
||||
Historical Resistance/Support:
|
||||
|
||||
116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256
|
||||
|
||||
*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.*
|
||||
|
||||
After Market Notes
|
||||
|
||||
Closed slightly above that 240 resistance. Like I said earlier that fight for 250 is going to be pretty fierce as 4k options will go ITM if we cross. We are still continuing that steady upward trend. Waiting for FOMO to go into full effect. I expect the rest of the week will continue to be interesting as we pick up more positive news from MSM.
|
||||
|
||||
[](https://preview.redd.it/z43tprwuti171.png?width=718&format=png&auto=webp&s=1d396027fe5a564d35178c28e7075bd778bfe64d)
|
||||
|
||||
Thank you all again for the support see you bright and early tomorrow at 9am EST.
|
||||
|
||||
- Gherkinit
|
||||
|
||||
Edit 6 2:37
|
||||
|
||||
Either forming a massive head and shoulders or we are gonna start to see some action soon as we cross over VWAP. 18.67 million volume and we are trading the same as 2 weeks ago the battle for 250 is gonna be a hard one.
|
||||
|
||||
[](https://preview.redd.it/qgkyihmkei171.png?width=1616&format=png&auto=webp&s=5cd3bd00c4bbb81906d41a3b1c604596e038bcb5)
|
||||
|
||||
Edit 5 12:59
|
||||
|
||||
Dipping a bit below VWAP this pattern looks really similar to yesterday I still expect another test of 250 by EOD
|
||||
|
||||
[](https://preview.redd.it/pbjtndr1xh171.png?width=1125&format=png&auto=webp&s=801482c9a6681513e9db8dcfdc542a87199cab35)
|
||||
|
||||
Edit 4 12:06
|
||||
|
||||
Failed the test of 250 but the ascending channel is continuing as buy pressure outweighs sell side.
|
||||
|
||||
[](https://preview.redd.it/ijgma8gpnh171.png?width=1448&format=png&auto=webp&s=ae09db265de07949e15e8d7f57a7f49a26ec2a9d)
|
||||
|
||||
Edit 3 11:14
|
||||
|
||||
Still fighting for 240 but looking great for the day the options chain IV is really high still but beginning to level off. Sitting at 11.87M traded I expect some volatility in the afternoon.
|
||||
|
||||
[](https://preview.redd.it/o5u173keeh171.png?width=1305&format=png&auto=webp&s=ce01f8045a990f2ce0d811fcbcd21c2b21913357)
|
||||
|
||||
Edit 2 10:23
|
||||
|
||||
Looks like a double bottom if we can break that resistance on VWAP 250 is in the cards
|
||||
|
||||
[](https://preview.redd.it/eglol4x75h171.png?width=1504&format=png&auto=webp&s=9cfd78d43496304401c5d06056ac7cf47e193051)
|
||||
|
||||
Edit 1 9:58
|
||||
|
||||
Sideways on pretty high volume a break above VWAP will probably mean a test of the 250 resistance. If we break down I could see a fill back to 210-215. Volume at 6.74M.
|
||||
|
||||
[](https://preview.redd.it/84ur8ouo0h171.png?width=1364&format=png&auto=webp&s=8e4343179ef23a639d530128569dcdf34b6b0901)
|
||||
|
||||
Pre-Market Analysis
|
||||
|
||||
Steady climb in after hours currently trading at 226.50, on 300k volume (NASDAQ) this is the kind of pre-market action that leads me to believe that we will be entering the next phase of this soon. Expect a wild open 250k shares available to borrow on Iborrow and more on Fidelity. SHFs have some ammo they will use it. Will it do anything, I doubt it.
|
||||
|
||||
[](https://preview.redd.it/065k5d8slg171.png?width=1442&format=png&auto=webp&s=093a90d987eb20b2d4563bba754fc273340b616d)
|
||||
|
||||
We got our first green signal after 18 trading days as the price moves outside of the BBKC channel this is about to go boom.
|
||||
|
||||
[](https://preview.redd.it/dn6e5u6kmg171.png?width=912&format=png&auto=webp&s=e9a6e2bbf8ba72be997063b462333c279ff42d91)
|
||||
|
||||
TTM and BBKC on the 1D
|
||||
|
||||
Remember our old buddy CV VWAP well it's back and there is just about enough arbitrage for the us to tap that signal line
|
||||
|
||||
[](https://preview.redd.it/yfn0c0b4ng171.png?width=916&format=png&auto=webp&s=037c26a806a85f923108df0eb15af5b37d6ae055)
|
||||
|
||||
CV VWAP on the 4h chart
|
||||
|
||||
Finally this is from my [exit DD if you haven't gotten a chance to read it yet please do](https://www.reddit.com/r/Superstonk/comments/n3izjq/another_technical_coloring_book_and_a_note_on/). I think we will be moving into this phase throughout the rest of the week.
|
||||
|
||||
[](https://preview.redd.it/qpa4accgmg171.png?width=1243&format=png&auto=webp&s=826cdb3df543425b4d5d171fd964634a6dc0aa27)
|
||||
|
||||
**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
|
||||
|
||||
*No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
|
110
Live-Charting-Archives/2021-05-27-Live-Charting.md
Normal file
110
Live-Charting-Archives/2021-05-27-Live-Charting.md
Normal file
@ -0,0 +1,110 @@
|
||||
Jerkin' it with Gherkinit S2 E2 Live Charting for 5/27/20
|
||||
=========================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nm6gph/jerkin_it_with_gherkinit_s2_e2_live_charting_for/) |
|
||||
|
||||
---
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
Happy, Eat more Fruits and Vegetables Day, Superstonk!
|
||||
|
||||
Who better than your favorite pickle to guide you through this most important of Holiday's.
|
||||
|
||||
Well I hope you have eaten them because today we're are on a rescue mission. According to some extremely unverified data there are thousands of apes waiting behind the 250 wall that need picked up on our way to the moon.
|
||||
|
||||
[](https://preview.redd.it/rkzne1rfon171.png?width=627&format=png&auto=webp&s=c763ebfd011b4a1cd5a29bda3c84c6861c987195)
|
||||
|
||||
We will leave no ape behind !
|
||||
|
||||
We are coming for you...
|
||||
|
||||
*As price action picks up today, I may walk away from the reddit post while managing positions, if this is the case you can find me on the stream and discord for a while longer at the links below.*
|
||||
|
||||
don't be a dickle and check out the daily livestream <https://www.youtube.com/c/PickleFinancial>
|
||||
|
||||
Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
|
||||
|
||||
(save these links in case reddit goes down)
|
||||
|
||||
Historical Resistance/Support:
|
||||
|
||||
116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256
|
||||
|
||||
*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.*
|
||||
|
||||
After Market Pickle Party
|
||||
|
||||
Closed solidly above that 252.5 resistance. I am actually jacked to the titzzzzz. Thank you all so much for tuning in today and for the unbelievable amount of support you guys are actually amazing. Let's see if we can hit 300 for the long weekend as 5k more options are now ITM with plenty more to go as we keep ramping up. Seems like the shorts were saving the best squeeze for last...
|
||||
|
||||
- Gherkinit
|
||||
|
||||
[](https://preview.redd.it/x5wv6ggyyp171.png?width=716&format=png&auto=webp&s=464b14deec8637ba3263a55f0d6858a853142372)
|
||||
|
||||
Edit 8 3:32
|
||||
|
||||
UMM :)
|
||||
|
||||
[](https://preview.redd.it/027i6aibtp171.png?width=1495&format=png&auto=webp&s=d20bdc54076e06021f6d5aec0b5cfa95b1a119b2)
|
||||
|
||||
Edit 7 2:52
|
||||
|
||||
With interest in the market diverted elsewhere GME is running a bit low on gas but we crossed VWAP and I think we are looking solid going into power hour we've had no major dips and a test of 250 still seems likely.
|
||||
|
||||
[](https://preview.redd.it/zclpm6agmp171.png?width=1636&format=png&auto=webp&s=2cadffd5b6fa1a8773351e93d7fd2781d2923da4)
|
||||
|
||||
Edit 6 1:34
|
||||
|
||||
Looking to hold that bottom support line if it fails we can see a dip I don't expect we would drop below 220. If we get a bounce and some volume I'm still looking for the upward test at 250.
|
||||
|
||||
[](https://preview.redd.it/cowzyiq98p171.png?width=1514&format=png&auto=webp&s=eb943a90bf6b8407d5aa76c8372a83e784ff11ab)
|
||||
|
||||
Edit 5 12:16
|
||||
|
||||
Slow climb back into this lower channel if we can retest VWAP and cross I could see another test at 250 before EOD. I think the shorts have about used the borrow for today. So not looking at a lot of sell pressure right now.
|
||||
|
||||
[](https://preview.redd.it/ibc08lbduo171.png?width=1542&format=png&auto=webp&s=145b873f0229ad08b82541a5b18952a2226e9fc0)
|
||||
|
||||
Edit 4 11:33
|
||||
|
||||
Falling slightly below the daily trend line volume at 7 million FOMO seems distracted by AMC
|
||||
|
||||
[](https://preview.redd.it/hfn35aopmo171.png?width=1579&format=png&auto=webp&s=39402e749f9ffd915d833ea958df4a38f591be66)
|
||||
|
||||
Edit 3 10:43
|
||||
|
||||
Small short attack there reverting us back to VWAP several sell walls going up behind the drop 5k at 245. Hopefully we can hold VWAP if it fails the test looks for a small dip.
|
||||
|
||||
[](https://preview.redd.it/m83uafvtdo171.png?width=1184&format=png&auto=webp&s=92884d0d3891f356543e91ce45d88c1631152bdd)
|
||||
|
||||
Edit 2 10:16
|
||||
|
||||
Failed a double test of 250 looks like we are gonna consolidate and test again our volume is actually much lower than expected
|
||||
|
||||
[](https://preview.redd.it/vk6x72709o171.png?width=1607&format=png&auto=webp&s=b2d0547591d31c7ba9f2ffc085f2b6e4a23e1726)
|
||||
|
||||
Edit 1 10:00
|
||||
|
||||
Just smashed through 240 let's see if this can take us up into the 250 range we are currently looking bullish with decent buy-side volume coming in
|
||||
|
||||
[](https://preview.redd.it/xy20sn3x5o171.png?width=1464&format=png&auto=webp&s=a4d6810155e2e477adc2c113fd6f37c20707d404)
|
||||
|
||||
Pre-Market Analysis
|
||||
|
||||
Small Gap down in pre-market currently trading at $233.66 but I suspect we will fill that gap before market open or slightly after. 250K shares available to borrow on Iborrow and 616k on fidelity. With volume picking up currently at 183k. I think we are gonna be in for another interesting day as we continue the battle for $250.
|
||||
|
||||
[](https://preview.redd.it/95eft5w7pn171.png?width=1522&format=png&auto=webp&s=08c716c1594081f6abb11e481b51aeb10636f740)
|
||||
|
||||
As we know MACD and TTM are already firing and beginning their cycle of volume and volatility. Our last indicator has Triggered CV-VWAP the arbitrage indicator that triggered before the last 2 run-ups in January and February.
|
||||
|
||||
[](https://preview.redd.it/36ssbwjlqn171.png?width=828&format=png&auto=webp&s=cf71c42b34bbe80abeba42796fc3e939f9c1cf15)
|
||||
|
||||
CV-VWAP on the 4h
|
||||
|
||||
This indicator also fired before the short squeeze on VW back in 2008. So I expect some crazy things in the next day or 2.
|
||||
|
||||
**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
|
||||
|
||||
*No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
|
104
Live-Charting-Archives/2021-05-28-Live-Charting.md
Normal file
104
Live-Charting-Archives/2021-05-28-Live-Charting.md
Normal file
@ -0,0 +1,104 @@
|
||||
Jerkin' it with Gherkinit S2 E3 Live Charting for 5/28/21
|
||||
=========================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nmx1bm/jerkin_it_with_gherkinit_s2_e3_live_charting_for/) |
|
||||
|
||||
---
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
Good Morning Apes!
|
||||
|
||||
250 apes we have arrived currently we have another 4,991 options ITM with another 1868 at 260 dollars. But get ready for today even though I doubt they effectively pull off attacks in the manner they have in the past, don't think they won't try. I expect the price to go up but I also expect untold levels of f*ckery be prepared. I'll say it again "Diamond hands are forged under pressure", it's gonna be a wild ride either way.
|
||||
|
||||
*As price action picks up today, I may walk away from the reddit post while managing positions, if this is the case you can find me on the stream and discord for a while longer at the links below.*
|
||||
|
||||
Don't miss out on the fun in the daily livestream <https://www.youtube.com/c/PickleFinancial>
|
||||
|
||||
Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
|
||||
|
||||
(save these links in case reddit goes down)
|
||||
|
||||
Historical Resistance/Support:
|
||||
|
||||
116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 252.5, 260, 275, 300, 302.50, landing pad on the moon...
|
||||
|
||||
*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.*
|
||||
|
||||
After-Market Wrap up
|
||||
|
||||
Down 12.82% on the day still up $50 this week. I thought we could go as low as $215 today so I'm glad that the 220 wall was ultimately held I think we will see the uptrend continue on Monday that I will cover in this weekends forward looking TA. Thank you all for the support and interest this week. I hope you guys have a great three day weekend and I will see you all Tuesday morning at 9am EST.
|
||||
|
||||
- Gherkinit
|
||||
|
||||
[](https://preview.redd.it/k0ha7oov3x171.png?width=715&format=png&auto=webp&s=7434d30b139e76ee207afc92ba443ce473f542ab)
|
||||
|
||||
Edit 10 3:14
|
||||
|
||||
Weird little battle for SSR or 230c I'm not sure although with the bid/ask spread it could be advantageous for Tuesday to trigger SSR
|
||||
|
||||
[](https://preview.redd.it/0hiqz012vw171.png?width=1496&format=png&auto=webp&s=b7664cb669f6becb01110ace3433d36c2ea36bb2)
|
||||
|
||||
Edit 9 2:48
|
||||
|
||||
Still sideways below 240 they are holding 140 to keep those options out of the money and prevent gamma ramping. Let's see If bull side wants to push back or just collect profits and do stuff next week.
|
||||
|
||||
[](https://preview.redd.it/9t9yy66dqw171.png?width=1631&format=png&auto=webp&s=8f3b667fada1390e70983f3e8ec81a201b24beda)
|
||||
|
||||
Edit 8 1:35
|
||||
|
||||
Chop volume is a bit dead . I still think we'll see one last push from bull side to get those 250c ITM
|
||||
|
||||
[](https://preview.redd.it/9bml11e9dw171.png?width=1404&format=png&auto=webp&s=9d4a7bb794d5c635588e33d2f4d5ac2d2b3455de)
|
||||
|
||||
Edit 7 12:20
|
||||
|
||||
Still breaking down...still up 40% for the week
|
||||
|
||||
[](https://preview.redd.it/ag92qxk10w171.png?width=1632&format=png&auto=webp&s=461a0eb219ce83d5b546c3f5bd95a3ed8476d60e)
|
||||
|
||||
Edit 6 11:41
|
||||
|
||||
Breaking down from 240
|
||||
|
||||
[](https://preview.redd.it/3bldoh8ysv171.png?width=1429&format=png&auto=webp&s=05a576c4c5e63441518aee331190ff1305bb4eeb)
|
||||
|
||||
Edit 5 11:13
|
||||
|
||||
[](https://preview.redd.it/z256a0swnv171.png?width=932&format=png&auto=webp&s=359865f6c1455d81876ef4188fba3313c00bff1c)
|
||||
|
||||
Edit 4 11:09
|
||||
|
||||
Looking to test 250 soon and get those apes/options back ITM
|
||||
|
||||
[](https://preview.redd.it/9rlh4sxcnv171.png?width=1362&format=png&auto=webp&s=467fcfd6bfd5e3e514b20a1ae58f5c67d8e1df2b)
|
||||
|
||||
Edit 3 10:34
|
||||
|
||||
Seems like a confirmed bounce @ 240. Remember all they can buy is time and their only tools are boredom and fear. Ignore the short "attempts".
|
||||
|
||||
[](https://preview.redd.it/8249tk50hv171.png?width=1401&format=png&auto=webp&s=46df2aad2a26ffd145a29b211e3cf008f29bdf75)
|
||||
|
||||
Edit 2 10:26
|
||||
|
||||
Supports are slipping but nothing to be worried about I said if we failed that support we could see some nice dip buy opportunities well here they are I'm looking at possibly 215 as the intraday low
|
||||
|
||||
[](https://preview.redd.it/z4useevsfv171.png?width=1045&format=png&auto=webp&s=83408417348a328ab670be7d151a59d2356343cb)
|
||||
|
||||
Edit 1 9:45
|
||||
|
||||
Looking to hold 260 out of the gate a failure here could be a dip buy opportunity. 1.85M traded so far.
|
||||
|
||||
[](https://preview.redd.it/lf4g7z068v171.png?width=1479&format=png&auto=webp&s=dfc685f5ec0b5f1b58401540674e82ad8e662457)
|
||||
|
||||
Pre-Market Analysis
|
||||
|
||||
GME hit a pre-market high of 266.50 and there are about 260,000 shares to borrow. It's looking like the gap up was filled the rocket is fueled and we are ready to go. Literally every indicator I can think of has begun firing. Let's do this. Apes need rescued and margins need called.
|
||||
|
||||
[](https://preview.redd.it/cmvkwibaxu171.png?width=1632&format=png&auto=webp&s=8885f4ed431f699ac64f50799dd8d20d4e88b1c1)
|
||||
|
||||
**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
|
||||
|
||||
*No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
|
107
Live-Charting-Archives/2021-06-01-Live-Charting.md
Normal file
107
Live-Charting-Archives/2021-06-01-Live-Charting.md
Normal file
@ -0,0 +1,107 @@
|
||||
Jerkin' it with Gherkinit S2 E4 Live charting for 6/1/21
|
||||
========================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/npsusj/jerkin_it_with_gherkinit_s2_e4_live_charting_for/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
Good Morning Apes!
|
||||
|
||||
Welcome to my 3rd DD in as many days...If I seem burnt out it's because I am.
|
||||
|
||||
I'm pretty excited today as we have already had a nice gap up in pre-market after EU markets closed yesterday at $230. We may not get that possible morning dip as it looks like we are going back up. It's looking like we are gonna be in for another crazy week.
|
||||
|
||||
If you guys haven't had a chance to [check out my forward looking TA for this week it's here](https://www.reddit.com/r/Superstonk/comments/npfa6w/jerkin_it_with_gherkinit_foward_looking_ta_for/).
|
||||
|
||||
Check out the daily livestream @ <https://www.youtube.com/c/PickleFinancial>
|
||||
|
||||
Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
|
||||
|
||||
(save these links in case reddit goes down)
|
||||
|
||||
Historical Resistance/Support:
|
||||
|
||||
116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 252.5, 260, 275, 300, 302.50, moon base...
|
||||
|
||||
*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.*
|
||||
|
||||
After Market
|
||||
|
||||
Closed just shy of 250 as we didn't make that last little jump to put those 2k options ITM but overall a good looking day up 12% is definitely nothing to complain about. I think we are in a a good position to see a morning test of 260. Thank you all again for tuning in. I will see you guys bright and early tomorrow at 9am EDT.
|
||||
|
||||
❤
|
||||
|
||||
- Gherkinit
|
||||
|
||||
[](https://preview.redd.it/gggc4nt6np271.png?width=714&format=png&auto=webp&s=8a5d137760961a25dc7299c99d72afa40b4f28b2)
|
||||
|
||||
Edit 7 3:34
|
||||
|
||||
Slipped down from that 250 resistance looks like we might be closing around 242.5-245
|
||||
|
||||
[](https://preview.redd.it/c4ul5xg6ip271.png?width=1651&format=png&auto=webp&s=82a4e513f7bc859e11f6bff12d173f9765df538a)
|
||||
|
||||
Edit 6 2:45
|
||||
|
||||
Broke it maybe a 260 EOD? Looks strong above that upper trendline.
|
||||
|
||||
[](https://preview.redd.it/s26zjm7h9p271.png?width=1495&format=png&auto=webp&s=f28618eae804c6ba9c7785894f9034366d7f4aa4)
|
||||
|
||||
Edit 5 2:02
|
||||
|
||||
Failed the test at 250 let's see if we can bounce back and test again
|
||||
|
||||
[](https://preview.redd.it/tq6roafo2p271.png?width=1596&format=png&auto=webp&s=b13f7fdaa958fb29b9e3a6c48a573d55a51bd8a7)
|
||||
|
||||
Edit 4 12:22
|
||||
|
||||
Officially over 242.50 resistance looks like we are gonna at least tickle 250
|
||||
|
||||
[](https://preview.redd.it/lwapno83ko271.png?width=1438&format=png&auto=webp&s=c656c56986819aa276889b769293dee1e06917a9)
|
||||
|
||||
Edit 3 10:54
|
||||
|
||||
Chop above VWAP volume has died off a bit
|
||||
|
||||
[](https://preview.redd.it/rbmeqdtc4o271.png?width=1574&format=png&auto=webp&s=6bc6a357bc8197c0779e61f804576e90fc86ea1e)
|
||||
|
||||
Edit 2 10:12
|
||||
|
||||
Thanks DFV!
|
||||
|
||||
[](https://preview.redd.it/cuaq00bpwn271.png?width=1418&format=png&auto=webp&s=e3c04324c01dcb5ab04177b09798552e498233bb)
|
||||
|
||||
Edit 1 9:45
|
||||
|
||||
Just cleared one million volume heading back up hopefully we can push through resistance and test that $240
|
||||
|
||||
[](https://preview.redd.it/dizqtspvrn271.png?width=1604&format=png&auto=webp&s=44181a4773de1c628497d46abd408036ca523dc9)
|
||||
|
||||
Pre-Market Analysis
|
||||
|
||||
Pre-Edit 2
|
||||
|
||||
Volume up at 264k already. As always remember to store your tray tables in the upright and locked position...
|
||||
|
||||
Pre-Edit 1
|
||||
|
||||
I thought we could see an early morning dip but it looks like we bounced off the upper support after yesterday's action over on the EU market so although it's possible to still test that lower support I think we are going to test $240 around market open.
|
||||
|
||||
[](https://preview.redd.it/bdvqbybfzm271.png?width=1249&format=png&auto=webp&s=7d691a731fe8cb72cf710853da8bfe15ace21066)
|
||||
|
||||
If we are looking for a dip it will be on the back of a failure in this upper support line
|
||||
|
||||
It also looks like we are filling in that downward price action from Friday pretty sure this will continue till open if we open above $240 I expect an immediate test at $250 resistance.
|
||||
|
||||
[](https://preview.redd.it/388gshz08n271.png?width=1595&format=png&auto=webp&s=5f68778f98d40e58a12bd1ef42d02951a9d968c9)
|
||||
|
||||
Nice fill going on this has got me jackked for the day!
|
||||
|
||||
**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
|
||||
|
||||
**No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
|
135
Live-Charting-Archives/2021-06-02-Live-Charting.md
Normal file
135
Live-Charting-Archives/2021-06-02-Live-Charting.md
Normal file
@ -0,0 +1,135 @@
|
||||
Jerkin' it with Gherkinit S2 E5 Live Charting for 6/2/21
|
||||
========================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nql31n/jerkin_it_with_gherkinit_s2_e5_live_charting_for/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
Good Morning Superstonk,
|
||||
|
||||
Ready for another fun day of smashing crayons up in your milk?
|
||||
|
||||
I am
|
||||
|
||||
Pretty excited today it looks like GameStop might be the only meme stock worth shorting. But since everything else is up I'm sure we will be too eventually if we can tack another 10% on today that could leave us nicely above 277 by EOD. But given the action in the market elsewhere I feel like we could even larger gains than that. Either way another wild ride.
|
||||
|
||||
If you guys haven't had a chance to [check out my forward looking TA for this week it's here](https://www.reddit.com/r/Superstonk/comments/npfa6w/jerkin_it_with_gherkinit_foward_looking_ta_for/).
|
||||
|
||||
Check out the daily livestream @ <https://www.youtube.com/c/PickleFinancial>
|
||||
|
||||
Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
|
||||
|
||||
(save these links in case reddit goes down)
|
||||
|
||||
Historical Resistance/Support:
|
||||
|
||||
116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 252.5, 260, 275, 300, 302.50, moon base...
|
||||
|
||||
*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.*
|
||||
|
||||
After-market Pickle Time!
|
||||
|
||||
Great day up $33.34 cents looks like they are covering ever short position on the market today except GME I expect to see a lot more insane days today and more of those volatility upside breakouts as the week continues. It's a slow squeeze but it looks like it is beginning. Thank you for all tuning in today, so sorry about the Discord and Reddit breakdowns there were some server? issues. See you all bright and early tomorrow!
|
||||
|
||||
Thank you!
|
||||
|
||||
- Gherkinit
|
||||
|
||||
[](https://preview.redd.it/vjcpcdlyrw271.png?width=730&format=png&auto=webp&s=1f50c25c747f7554423664ff8fd4b7ba002f5e81)
|
||||
|
||||
Edit 13 3:48
|
||||
|
||||
Completion of the head and shoulders trend back to 278ish possible bounce on 280 looks like we could close in this range
|
||||
|
||||
[](https://preview.redd.it/63isy1glpw271.png?width=1585&format=png&auto=webp&s=155ccb977e7aba946ca8cce4852a82699607bd24)
|
||||
|
||||
Edit 12 2:33
|
||||
|
||||
Small Bull flag Forming after failed break above 280 power hour could be wild not that the rest of the day hasn't been
|
||||
|
||||
[](https://preview.redd.it/tu2259iccw271.png?width=1603&format=png&auto=webp&s=fc973e48e2df7dc808b2d8d0227f53a47d732c49)
|
||||
|
||||
Edit 11 1:22
|
||||
|
||||
Short attempt/ Dip buy
|
||||
|
||||
[](https://preview.redd.it/fmxuyb5pzv271.png?width=1517&format=png&auto=webp&s=cddc6e0e0fa0cab8c40d59d43cce50791d7214f1)
|
||||
|
||||
Edit 10 1:04
|
||||
|
||||
Hmmm...Rehypothecating the YTD chart on the daily now.
|
||||
|
||||
[](https://preview.redd.it/1yg7vc9fwv271.png?width=1611&format=png&auto=webp&s=7f3ebce8bc058a6a36fa61e985c6eec7a5aa9f94)
|
||||
|
||||
Edit 9 12:37
|
||||
|
||||
pENNIES FROM A HALT BULL TRAP !!
|
||||
|
||||
[](https://preview.redd.it/5bhgqn2irv271.png?width=1449&format=png&auto=webp&s=48d5a5d666eaac04a97d7507e9fc82d15225d69d)
|
||||
|
||||
Edit 8 12:28
|
||||
|
||||
mmmm....long johnsons
|
||||
|
||||
[](https://preview.redd.it/6vou8rxvpv271.png?width=1380&format=png&auto=webp&s=aee2cd25b9e8254b82077b25fe6596da8ef2981a)
|
||||
|
||||
Edit 7 12:21
|
||||
|
||||
Moving up to retest 260
|
||||
|
||||
[](https://preview.redd.it/zjm1l67nov271.png?width=1602&format=png&auto=webp&s=efb28ef5d09c5f62c7e5d1711dd61832d62b3ade)
|
||||
|
||||
Edit 6 11:54
|
||||
|
||||
Waiting for a confirm on this 260 breakout before my post and it looks like we are retesting if we can move up and test 265 I'll consider 260 as new support
|
||||
|
||||
[](https://preview.redd.it/ay9g1ca2kv271.png?width=1566&format=png&auto=webp&s=03c534b8a3345df48bf66b5752cf702151d1f8cd)
|
||||
|
||||
Edit 5 11:08
|
||||
|
||||
Broke back through and above VWAP, it looks like every short position in the market besides GME is getting covered.
|
||||
|
||||
[](https://preview.redd.it/8vwsrr7sbv271.png?width=1575&format=png&auto=webp&s=a6b981f56d53f2e4f677bb436ba58b8c224afd7c)
|
||||
|
||||
Edit 4 10:50
|
||||
|
||||
Heading back to 242.50, VWAP test failed then a failed test at 250
|
||||
|
||||
[](https://preview.redd.it/i32solb98v271.png?width=1594&format=png&auto=webp&s=0d35fdcf84fc76fc8b6a587fbd17a6beb68bdd3c)
|
||||
|
||||
Edit 3 10:20
|
||||
|
||||
Bounced slightly above the intraday low. If we cross VWAP we will test 260 again.
|
||||
|
||||
[](https://preview.redd.it/hpfn8gjz2v271.png?width=1596&format=png&auto=webp&s=0cea6f1a819b88a1a4c95e8b642e8c28821147d7)
|
||||
|
||||
Edit 2 10:04
|
||||
|
||||
H&S formed on the 1m could see that dip below VWAP 80% chance
|
||||
|
||||
[](https://preview.redd.it/2ri6hlld0v271.png?width=1343&format=png&auto=webp&s=6c79511f13c3795dfab662a544e303f4a84f2d15)
|
||||
|
||||
Edit 1 10:00
|
||||
|
||||
Sorry for the late update was talking nonsense got distracted failed a test of 260 looking for a bounce on VWAP and possible retest
|
||||
|
||||
[](https://preview.redd.it/arkhxac6zu271.png?width=1134&format=png&auto=webp&s=d9cb29e808282b46af1d2a7c3bd95de9e96a09ed)
|
||||
|
||||
Pre-Market Analysis
|
||||
|
||||
580k Shares Borrowed, currently at 287k volume. We haven't spiked as hard as some other stocks in the AM but our volume looks good so far and we are maintaining that support at 252.5. I expect we will fill the remained of that downtrend from last Friday. Possible testing 260 then 270 at open. Remember they have already borrowed some shares and there are a little over 1M left to borrow so they could easily use those to try to drive interest down at open
|
||||
|
||||
[](https://preview.redd.it/382knersmu271.png?width=1596&format=png&auto=webp&s=32899e194c983f4a6511e6c994decbf24d1a89fb)
|
||||
|
||||
[](https://preview.redd.it/4h01tz87nu271.png?width=1599&format=png&auto=webp&s=91419b3ed36a31fdb9aebb8429d0e9aeeeea60c9)
|
||||
|
||||
Here is our 4h pattern
|
||||
|
||||
**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
|
||||
|
||||
**No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
|
103
Live-Charting-Archives/2021-06-03-Live-Charting.md
Normal file
103
Live-Charting-Archives/2021-06-03-Live-Charting.md
Normal file
@ -0,0 +1,103 @@
|
||||
Jerkin' it with Gherkinit S2 E6 Live Charting for 6/3/21
|
||||
========================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nrct3y/jerkin_it_with_gherkinit_s2_e6_live_charting_for/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
Good Morning Superstonk,
|
||||
|
||||
I just got off the phone with my doctor and having dreams of humanoid pickles boofing chicken tendies is absolutely normal. He said it's an extremely common symptom of having your titttz jackked to the max. It's like walking around with my own GPS for the moon cause they only point up!
|
||||
|
||||
I wanted to share this as I really hope some of you are also experiencing these symptoms. The cure appears to be very simple and homeopathic; just fuk some hedgies...
|
||||
|
||||
And more to that point
|
||||
|
||||
*Due to reddit and discord outages and me have to step away to manage positions be sure to monitor these links for continued information.*
|
||||
|
||||
If you guys haven't had a chance to [check out my forward looking TA for this week it's here](https://www.reddit.com/r/Superstonk/comments/npfa6w/jerkin_it_with_gherkinit_foward_looking_ta_for/).
|
||||
|
||||
Check out the daily livestream @ <https://www.youtube.com/c/PickleFinancial>
|
||||
|
||||
Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
|
||||
|
||||
(save these links in case reddit goes down)
|
||||
|
||||
Historical Resistance/Support:
|
||||
|
||||
116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 252.5, 260, 275, 300, 302.50, moon base...
|
||||
|
||||
*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.*
|
||||
|
||||
After Market Wrap Up
|
||||
|
||||
Weird day volume dissipated shortly after that last big dip and GME to claw back some of the day's losses, We are still well with our range on the 4hr timescale. I'm definitely curious to see what happens tomorrow. There were massive sell-offs in the SPY and TSLA 2 of Citadel's largest long holdings and also several other SHF with GME interest. Thank you all again for tuning in and for the amazing support. See you bright and early tomorrow to wrap up the week.
|
||||
|
||||
- Gherkinit
|
||||
|
||||
[](https://preview.redd.it/am31j9dax3371.png?width=729&format=png&auto=webp&s=57a9b3b92be33a22b3b21529d6ee81f51956988d)
|
||||
|
||||
Edit 8 3:04
|
||||
|
||||
Back down if the support line continues we could close at 265~ but unless some volume pops up looks like more chop.
|
||||
|
||||
[](https://preview.redd.it/egovgwurm3371.png?width=1571&format=png&auto=webp&s=34b29496d35cf11236b2c4ea80fe4d5252f1592e)
|
||||
|
||||
Edit 7 2:00
|
||||
|
||||
We did it back above 270
|
||||
|
||||
[](https://preview.redd.it/p4hec3o7b3371.png?width=1586&format=png&auto=webp&s=67b5881f90c625545b57beae2021a2f567c87b98)
|
||||
|
||||
Edit 6 1:08
|
||||
|
||||
Little post-lunch test of 270 failed but we are consolidating above VWAP
|
||||
|
||||
[](https://preview.redd.it/djjklbb423371.png?width=1602&format=png&auto=webp&s=d87a7745c95fa21da08d718c91ca3aebd122f604)
|
||||
|
||||
Edit 5 12:11
|
||||
|
||||
Coming back up to test VWAP volume is still probably too low for a move
|
||||
|
||||
[](https://preview.redd.it/3lj2w1svr2371.png?width=1582&format=png&auto=webp&s=c4ab5f817e5b765e38ab6f272136de72bde95a7b)
|
||||
|
||||
Edit 4 11:00
|
||||
|
||||
Dipping below 250 could test 242 again
|
||||
|
||||
[](https://preview.redd.it/qzwrp72ve2371.png?width=1603&format=png&auto=webp&s=ae7e9bb295f26d4f62fed2717e4ecc9766ad478a)
|
||||
|
||||
Edit 3 10:49
|
||||
|
||||
Volume down chopping sideways just under resistance. Let's see if we get another huge midday move
|
||||
|
||||
[](https://preview.redd.it/wy2phu25d2371.png?width=1580&format=png&auto=webp&s=0b4d25c897282e23c85d0198534ec7befc918e84)
|
||||
|
||||
Edit 2 10:04
|
||||
|
||||
Nice bounce looking to cross 260 and VWAP
|
||||
|
||||
[](https://preview.redd.it/m5avubc952371.png?width=1142&format=png&auto=webp&s=4974354bd9c6e58c2469b627c9ab9d756ee06575)
|
||||
|
||||
Edit 1 9:45
|
||||
|
||||
Market down, Bonds tanking, vix up, relax guys these are the things we wanted. Looks like GME is gonna test 242.5. Diamond hands in the making today. 300k shares already borrowed.
|
||||
|
||||
[](https://preview.redd.it/9kapqh3f22371.png?width=1304&format=png&auto=webp&s=45ccf98b02fc9ca7fc30b08d4126a7d9b65c7348)
|
||||
|
||||
Pre-Market Analysis
|
||||
|
||||
I know, everybody's thinking "wh*t the fuck is going on" well let me tell you what I think, I think short hedges are short a bunch of different places AMC, NOK, BB, BBBY. These positions can also effect their overall margin requirements. So I think they are closing them in one last ditch effort to stave off the margin call. Imagine them as all as our launch sequence. Watching these lesser primates enjoying there trans-atlantic flights before we can go on our well deserved trip to the moon can be frustrating, as the OG apes we must continue to be patient as they enjoy their in-flight chicken nugget meal. I'm pretty sure that some of those nugget-eaters may be dumping those meals into our fuel tank soon.
|
||||
|
||||
This morning's action is simple looks like 1.3M shares available to borrow with 300k borrowed. They may try to hit us pretty hard but pre-market volume approach 300k looks like we might be in for a wild morning. I think we will gap fill after any opening dip back up to re-test 290. Especially if we clear 270 in pre-market.
|
||||
|
||||
[](https://preview.redd.it/wo7fwafpr1371.png?width=1168&format=png&auto=webp&s=f5524025d6f5a8a4eed7882ef8c6f5a67828cd57)
|
||||
|
||||
**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
|
||||
|
||||
**No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
|
111
Live-Charting-Archives/2021-06-04-Live-Charting.md
Normal file
111
Live-Charting-Archives/2021-06-04-Live-Charting.md
Normal file
@ -0,0 +1,111 @@
|
||||
Jerkin' it with Gherkinit S2 E7 Live Charting for 6/4/2021
|
||||
==========================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/gherkinit](https://www.reddit.com/user/gherkinit/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ns4b54/jerkin_it_with_gherkinit_s2_e7_live_charting_for/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
A Merry Friday to you Superstonk!
|
||||
|
||||
The news was sure to notify me three times this morning that the squeeze is over and the SEC needs to tell me, a completely uneducated investor, what I can and can't do with my money. This could be the most bullish TA I've seen all week. If the news is still sweating the "momentous force of retail buying power" then clearly this isn't over yet. They aren't wrong if you consider that each long positions is technically a $ ∞ glitch from SHFs pockets.
|
||||
|
||||
I guess they tried to fuk the wrong apes...
|
||||
|
||||
*Due to reddit and discord outages and me have to step away to manage positions be sure to monitor these links for continued information.*
|
||||
|
||||
If you guys haven't had a chance to [check out my forward looking TA for this week it's here](https://www.reddit.com/r/Superstonk/comments/npfa6w/jerkin_it_with_gherkinit_foward_looking_ta_for/).
|
||||
|
||||
Check out the daily livestream @ <https://www.youtube.com/c/PickleFinancial>
|
||||
|
||||
Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
|
||||
|
||||
(save these links in case reddit goes down)
|
||||
|
||||
Historical Resistance/Support:
|
||||
|
||||
116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 252.5, 260, 275, 300, 302.50, moon base...
|
||||
|
||||
*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.*
|
||||
|
||||
Weekend Wrap-Up
|
||||
|
||||
Closed slightly below those 250c options but overall an excellent week with max pain sitting at around 222.5-227.5 bull side won again this week. I super excited for next Monday as we draw closer to several potential catalysts. Relax and enjoy your weekend! I will see all you lovely apes bright and early first thing Monday Morning. Thank you all so much for the support as always.
|
||||
|
||||
- Gherkinit
|
||||
|
||||
[](https://preview.redd.it/zfrdnzg42b371.png?width=727&format=png&auto=webp&s=0fb9627b26aee15eb5ed7c121b694e129a7d1210)
|
||||
|
||||
*Edit 8 2:59*
|
||||
|
||||
Taking advantage of the low volume in an attempt to push those 250c out of the money...
|
||||
|
||||
[](https://preview.redd.it/objuye3sqa371.png?width=1520&format=png&auto=webp&s=4d9f593bc160bd3e7ab7e97a2757866d7aeda53e)
|
||||
|
||||
Edit 7 2:32
|
||||
|
||||
These are the 2 breakout points I'm looking at the lower is the weekly bull flag upper resistance that will be much harder. The upper is an intraday consolidating wedge. If we fail these we will remain probably just under that Upper Flag resistance and trade slightly down towards 250 to close.
|
||||
|
||||
[](https://preview.redd.it/q0n0la3vla371.png?width=1538&format=png&auto=webp&s=e39f01a9f47f21e12e60b5ab3e7899e42bb5d189)
|
||||
|
||||
Edit 6 1:53
|
||||
|
||||
Retest lower resistance here and bounce
|
||||
|
||||
[](https://preview.redd.it/rzqha0jxea371.png?width=1569&format=png&auto=webp&s=af4913f948a9aa5c52681d40f089796e57991677)
|
||||
|
||||
Edit 5 1:42
|
||||
|
||||
DFV Said not to push but the wedge says to push it soon
|
||||
|
||||
[](https://preview.redd.it/nc0pj9r2da371.png?width=546&format=png&auto=webp&s=86681bb6cd0680fe88bdd58475fcde354c5f8725)
|
||||
|
||||
Edit 4 1:05
|
||||
|
||||
Still just consolidating
|
||||
|
||||
[](https://preview.redd.it/kfvwl44c6a371.png?width=1508&format=png&auto=webp&s=8344621488f7564ef0755102936e5ce9e2816c41)
|
||||
|
||||
Edit 3 11:53
|
||||
|
||||
If this head and should breaks below 255 it will likely test 250. Price action getting very erratic as bid/ask spread is pretty significant. Volatility is picking up.
|
||||
|
||||
[](https://preview.redd.it/rypsgijlt9371.png?width=1593&format=png&auto=webp&s=afbb82d01e9d40a77d73a3a5d583cba39f0efd50)
|
||||
|
||||
Edit 2 10:45
|
||||
|
||||
Test of 260 failed could go all the way back down volume still non-existant but I'm pretty happy closing the week between 250-260 max pan is at 230 so they may try to drive it down toward 242.5 towards the end of the day
|
||||
|
||||
[](https://preview.redd.it/y4xjri08h9371.png?width=1603&format=png&auto=webp&s=f330078ec16ef40c9679c629df8b727e35860924)
|
||||
|
||||
Edit 1 10:00
|
||||
|
||||
Under a million volume looking like it's gonna be a slow day so far. tested 260 couldn't hold possibly a bounce off 252.50
|
||||
|
||||
[](https://preview.redd.it/6z5jwrgw99371.png?width=1386&format=png&auto=webp&s=652028974663675e7d62f93f59a76c44ef599bb8)
|
||||
|
||||
Pre-Market Analysis
|
||||
|
||||
Not to much in pre-market had a small gap down that was immediately filled. Volume is much lower than an other day this week. SSR is triggered but that could prove to be irrelevant. However opening above VWAP could be the start of a bullish trend for the morning.
|
||||
|
||||
[](https://preview.redd.it/zg9v1qxrt8371.png?width=1506&format=png&auto=webp&s=82d588ce2c90c00c6fb87d71e34463e1a31ecd7b)
|
||||
|
||||
1m timescale
|
||||
|
||||
It's possible we fill the 275-290 drop from the day before yesterday as longs push to get the massive wall of of calls at $300 strike ITM
|
||||
|
||||
[](https://preview.redd.it/hjljo1wru8371.png?width=1597&format=png&auto=webp&s=e0b597c7d6f97beb5e72f41880f10a896affe47c)
|
||||
|
||||
5M timescale
|
||||
|
||||
Lastly on the 4hr we still look like we are staying within the weeks expected bull flag --> consolidation --> bull flag pattern. That lower purple line represents our long term support I'd don't expect to dip below it
|
||||
|
||||
[](https://preview.redd.it/un30huxlv8371.png?width=1069&format=png&auto=webp&s=74d5618228e4896a8e6d92df577479d8a93f69a7)
|
||||
|
||||
**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
|
||||
|
||||
**No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
|
@ -0,0 +1,23 @@
|
||||
ALMOST $1B FTD ON MAY 14TH BETWEEN GME AND ASSOCIATED ETFS!!!!
|
||||
==============================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/nequin](https://www.reddit.com/user/nequin/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nrpjle/almost_1b_ftd_on_may_14th_between_gme_and/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
Hello, fellow apes. This is my second posting regarding FTDs, but as I mentioned in my first post, I built a tool to analyze the SEC FTD reports which I've update today. It's [open-source on Github](https://github.com/failedtodeliver/failedtodeliver.com), why don't some of you wrinklier brained apes get in and help make it better. I'd like to correlate options data but I don't have the money to spend on it (~$1k). All my extra money goes you know where
|
||||
|
||||
Here's the data crunched down -
|
||||
|
||||
<https://failedtodeliver.com/?symbols=GAMR,XRT,RETL,XSVM,VIOV,RWJ,VIOO,PSCD,VIOG,VTWV,IUSS,VCR,VTWO,SFYF,IWC,EWSC,SYLD,PRF,RALS,FNDX,FNDB,VBR,IJS,XJR,NUSC,SLYV,IJR,SPSM,SLY,FLQS,IJT,GSSC,SLYG,VXF,NVQ,IWN,ESML,VB,SAA,DMRS,BBSC,OMFS,FDIS,STSB,SSLY,IWM,SCHA,PBSM,UWM,VTHR,URTY,VTI,TILT,VLU,HDG,AVUS,MMTM,DSI,SPTM,IWV,SCHB,ITOT,DFAU,GME>
|
||||
|
||||
THIS IS FUCKING HUGE!!! We haven't seen numbers like this since December 2020. What does this change? Nothing, just some validation for you sweaty paper hands who are thinking about making the biggest mistake of their lives. Things are boiling up to a massive event. Could they delay it somehow or indefinitely? Probably, but when December had numbers like this, they were early indicators of the January events.
|
||||
|
||||
TLDR; About $1B in value failed to deliver on May 14th between GME and associated ETFs. The last time this happened was December 2020. Remember what happened in January?
|
||||
|
||||
Not financial advice, but buy and hold my fellow apes. Alpha Centauri will be beautiful.
|
14
README.md
14
README.md
@ -1,12 +1,26 @@
|
||||
# A central place for apes to learn about stonks. This is not financial advice.
|
||||
|
||||
### Overview
|
||||
This repository of GME-related content and relevant information serves two primary purposes:
|
||||
1. Organize useful information so that it can be easily referenced in the future.
|
||||
2. Create an archive/backup of relevant posts in case Reddit goes down or information is deleted from the internet.
|
||||
|
||||
> ❗❗❗ **PLEASE READ** ❗❗❗
|
||||
>
|
||||
> Please note most if not all of this content is not my own. All authors and sources are linked at the top of each file, and I encourage you to read the content via the source. There are a lot of intelligent apes who spent copious amounts of time doing their research and deserve your upvote!
|
||||
|
||||
---
|
||||
|
||||
### Featured Posts and Important Information
|
||||
| Theme | Title | Author | Source |
|
||||
| :-------------: | :-------------: |:-------------:| :-------------:|
|
||||
| Privacy & Protection | Ape Security Protocols | [u/redchessqueen99](https://www.reddit.com/user/redchessqueen99/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nsgv3d/ape_security_protocols/) |
|
||||
| Privacy & Protection | 🎮 Game Stop 🛑 | [u/redchessqueen99](https://www.reddit.com/user/redchessqueen99/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/) |
|
||||
| DD | House of Cards Series (PDF) | [u/atobitt](https://www.reddit.com/user/atobitt/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) |
|
||||
| Shareholder Rights | Proxy Voting 101 | [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n6isp6/rock_the_vote_proxy_voting_101_the_most_important/) |
|
||||
| DD Overview | GME Masters' Guide | [u/Blanderson_Snooper](https://www.reddit.com/user/Blanderson_Snooper/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/) |
|
||||
| Regulations | Overview of Regulations | [u/MATTATI2OO5](https://www.reddit.com/user/MATTATI2OO5/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nkn84o/great_breakdownoverview_of_new_rules/) |
|
||||
| Market Manipulation | Compilation of Every Manipulation Tactic used by Hedge Funds | [u/Golden_D9](https://www.reddit.com/user/Golden_D9/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n8mizw/here_is_a_complete_compilation_documenting_the/) |
|
||||
---
|
||||
|
||||
### Buy, Hodl, Vote 💎🙌
|
||||
|
27
Regulations/2021-05-10-SRO-Filings.md
Normal file
27
Regulations/2021-05-10-SRO-Filings.md
Normal file
@ -0,0 +1,27 @@
|
||||
SRO Filings
|
||||
===========
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/dlauer](https://www.reddit.com/user/dlauer/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n9326x/sro_filings/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
Recently there has been a screenshot of a NYSE SRO filing being circulated purporting to show that NYSE is "suspending a ton of dark pool groups." Or that NYSE is appealing an SEC ruling or something like that.
|
||||
|
||||
So to start, NYSE has nothing to do with dark pools. NYSE is a lit exchange regulated under the Exchange Act, while dark pools are "Alternative Trading Systems" regulated completely differently (a combination of the SEC and FINRA). The filing, which is [available here](https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/rule-filings/filings/2021/Arca.pdf) has a much more relevant excerpt that was obviously not included in the original tweet:
|
||||
|
||||
[](https://preview.redd.it/rrw9kh4abay61.png?width=684&format=png&auto=webp&s=51b630cc4e4a3cc3b85287b459e6898365ade3d1)
|
||||
|
||||
Here's what happened. Certain rule changes by exchanges are "immediately effective" - the rule change takes effect when the exchange lets the SEC know, because the exchange deems the rule change non-controversial. I won't get into whether this should even exist as an option here, it's a long and conflicted story.
|
||||
|
||||
The NYSE filed a change to co-location as immediately effective, and several clients of the NYSE contracted to receive the service. The SEC then decided that the rule change was not ok, and told NYSE they couldn't do it. NYSE is asking the SEC to allow them to provide the service while those clients transition off of it, because those clients (including other exchanges) likely rely on it for their NYSE data.
|
||||
|
||||
If you're interested in reading SRO files, you can find them here: <https://www.sec.gov/rules/sro.shtml>
|
||||
|
||||
I used to read every single SRO filing every money, and it was the best way to deeply learn about market structure. They're incredibly boring and written in obtuse legalese, but once you learn to read them you'll learn a lot.
|
||||
|
||||
The entire SRO status is frankly crazy, and I touched on it in my AMA. Wall St is the only industry in which you have for-profit, publicly traded, self-regulatory organizations. An SRO is supposed to be a quasi-governmental entity that regulates itself, and that balances the for-profit motive with a duty to build and maintain fair and efficient markets. If that sounds as absurd to you as it does to me, welcome to modern market structure.
|
@ -0,0 +1,199 @@
|
||||
The flurry of rules before the storm. DTC, ICC, OCC are prepared. GME might be hitting T+35 and T+21 crossover next week, pulling the house of cards down.
|
||||
==========================================================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Criand](https://www.reddit.com/user/Criand/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ngru15/the_flurry_of_rules_before_the_storm_dtc_icc_occ/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
0\. Preface
|
||||
|
||||
I'm not a financial advisor - and I am not providing you financial advice! This is all my interpretation of what is going on.
|
||||
|
||||
Anyways, I wanted to ask...
|
||||
|
||||
[](https://preview.redd.it/2dwpksdkv6071.png?width=1009&format=png&auto=webp&s=1c382f5643f751cc18844d2af7a33bac21f504d9)
|
||||
|
||||
I'm hype. Are you pretty hype? I keep coming back because I love you guys, and I love the fact that there has been so much research freely accessible to teach millions of people all the nooks and crannies of the market. I'll just say - once this is all over, I'll miss you apes. Thank you all. ❤️
|
||||
|
||||
TL;DR: The market is an overleveraged and rehypothecated bomb. The banks have been fighting a collateral crisis since the end of March due to the government emergency liquidity programs ending and inflation kicking in. The repo market could blow up at any moment from a lack of collateral and short squeeze the US Treasury market itself. The entire market is hanging by a thread and the DTC, ICC, and OCC are prepared for the fallout. The moment GME surges again, they can cascade defaults to members in all clearing corps and end it in one fell swoop.
|
||||
|
||||
1\. The DTC, ICC, and OCC
|
||||
|
||||
Let's clear up some confusion! Lots of apes are posting rule numbers with no prefix, so it's going to be a problem understanding one another. Let's forge some wrinkles! 🧠🔨🦍
|
||||
|
||||
These are all major clearing corps of the market. They all are their own beasts in and of themselves. For simplicity, we'll label them as such:
|
||||
|
||||
DTC = stocks
|
||||
|
||||
ICC = default swaps
|
||||
|
||||
OCC = options
|
||||
|
||||
Each of them operate independently, so they're all filing their own rules that affect them individually. Important distinction. The DTC rules don't apply to the ICC, and vice-versa. That is why we see the rule prefixes. These prefixes can help you distinguish between each of the entities.
|
||||
|
||||
- Example 1: SR-DTC-2021-004 is a rule for the DTC
|
||||
|
||||
- Example 2: SR-ICC-2021-005 is a rule for the ICC
|
||||
|
||||
- Example 3: SR-OCC-2021-004 is a rule for the OCC
|
||||
|
||||
It helps a lot to add the prefix before the rule number since we're now seeing multiple 003/004/005 rules. Less confused ape = happy ape!
|
||||
|
||||
2\. Almost Everyone Is Ready For Member Defaults
|
||||
|
||||
You've probably heard the term defaulting member being thrown around a lot lately. You can think of that as being equivalent to a margin call. The member defaulted on something - making them go negative in net capital - and thus they're in debt. Bye bye!
|
||||
|
||||
The DTC, ICC, and OCC all pretty much share the same members. Market Makers and Banks. Except of course the ICC which only has Banks as members. You might think that all these rules being passed have nothing to do with GME, but it deals with the market itself blowing up, which in turn effects GME. All three of them passing similar rules is spooky and not a good sign for the market.
|
||||
|
||||
If a member defaults in the ICC, they most likely default in the DTC and OCC as well. The DTC, ICC, and OCC do not want to be left paying up for the defaulting member's debts in the event of a default. They also want to contain the nuke as much as possible so that it doesn't completely obliterate the market.
|
||||
|
||||
To prepare for the market nuke, the DTC, ICC, and OCC have passed rules/plans to deal with defaulting members.
|
||||
|
||||
We won't go into super detail here. Just a brief summary of the infinity stones which the DTC, ICC, and OCC have collected:
|
||||
|
||||
- DTC-004: Wind-down and auction plan. In effect.
|
||||
|
||||
- ICC-005: Wind-down and auction plan. In effect.
|
||||
|
||||
- OCC-004: Auction plan. Allows third parties to join in (E.g. Blackrock). In effect.
|
||||
|
||||
- OCC-003: Shielding plan. Protects the OCC from paying up too badly by having extra liquidity. Will be in effect on June 1. ~~Not in effect, but the OCC deposit of ~$600m that was due the morning of May 19th could have supplemented for this~~~~.~~ ~~If not, can go into effect any day between now and May 31st.~~
|
||||
|
||||
Every single one of them now has some form of rule which allows the defaulting members assets to be auctioned off. This allows other members to buy the defaulters assets at a discount while funding the defaulting member's positions. Say someone defaults from GME short positions and has, oh, I don't know, 500 million shares short. The money used to pay for the covering of the GME short position will be funded partially by this auction.
|
||||
|
||||
In the end, this transfers assets to other entities while also pushing the damage to those entities as much as possible - a way to contain the nuke. It's a win-win situation. Other members get securities/assets on the cheap, while the DTC, ICC, and OCC worry less about payout, and the market might be able to prop itself up.
|
||||
|
||||
Now the case with the OCC, third-party members can join in on the fun. E.g. Blackrock. There's some theories that Blackrock will delete Citadel from existence and press the MOASS button. I don't think so. I think they've just been waiting this out to gather enough cash to bid on as many assets as possible. They're not going to waste their money on igniting the MOASS, they're going to spend it to feast on the defaulters remains.
|
||||
|
||||
The key takeaway is that all three of them, the DTC, ICC, and OCC are ready to pull the plug.
|
||||
|
||||
Any one of the DTC, ICC, or OCC can margin call a member and cause a default.
|
||||
|
||||
The moment a member defaults in the DTC, ICC, or OCC, it will cascade to the other clearing corps and cause them to default over there as well. In one fell swoop, all the stocks, options, and swaps of defaulting members are up for auction.
|
||||
|
||||
3\. Do We Need The Other Rules?
|
||||
|
||||
You're probably thinking about DTC-005, NSCC-002/801, and others. And no, from my understanding GME does NOT need them to squeeze.
|
||||
|
||||
GME doesn't even really need a catalyst. The T+21 and T+35 crossover event is probably enough to push it over the edge (discussed later). The market is literally hanging by a thread right now and a big move in GME can push it into margin call territory, causing the cascading defaults.
|
||||
|
||||
The DTC-005 and NSCC-002/801 rules are to protect the future market. The guys in charge might have finally learned to impose more restrictions, and hopefully they stick to it.
|
||||
|
||||
DTC-005 will help avoid another stock from becoming over-shorted again. No more naked shorting. No more adding to your short pile with malicious options practices. It prevents another group of absolute retarded hedgefunds from doing this again. The T+21 and T+35 loop will cause the price floor to increase regardless of this rule and eventually cause margin calls. Remember, liquidity bomb is a growing issue, so the margin call price is most likely dropping as well.
|
||||
|
||||
NSCC-002/801 will speed up margin calls for extreme volatile movements like we saw in the January and March squeezes. They will make sure that if someone enters margin call city territory, they'll issue it with a one-hour timeframe. Pay up within one hour or you're toast. This ensures that volatility will kill off shorters who get caught with their pants down.
|
||||
|
||||
Those rules help the future market avoid this bullshit again. They are not necessary for the MOASS.
|
||||
|
||||
The ICC itself has introduced a wild rule ICC-008, which is in effect, that performs hypothetical margin calculations based on market movements. So again, the ICC could trigger a margin call to its bank members based on their new margin model rather than the DTC. Boom, the defaulting bank cascades through the banks members and eventually to GME.
|
||||
|
||||
After all is said and done, the DTC will ensure that these rules are in place so that nobody can cause a GameStop situation again.
|
||||
|
||||
The most important rules are the wind-down and auction plans. They cover the DTC, ICC, and OCC's asses and try to protect the market as much as possible. These wind-down and auction plans are the OK 👍 to initiate launch when the time is right.
|
||||
|
||||
4\. Shit Is Close To Hitting The Fan
|
||||
|
||||
The whole market is an overleveraged bomb. GME isn't the only problem here.
|
||||
|
||||
I'm sure you guys remember Archegos. Those guys abused what, 5x leverage? And you all saw what effect they had on the market.
|
||||
|
||||
Imagine how bad leverage must have been abused by all the large firms which are STILL standing today. Imagine what will happen if a very large firm with equivalent or larger margin goes bust. How about a handful of them going bust? Bad, bad things, my fellow ape. Bad things.
|
||||
|
||||
I'm sure you guys have seen this posted a million times today. This screams liquidity crisis in the banks because they've been really fucking stupid for the past couple of years, even more so since 2020 by allowing firms to abuse the pandemic.
|
||||
|
||||
[](https://preview.redd.it/9crnr1z707071.png?width=637&format=png&auto=webp&s=34c47d7b115f699d9d29c481e0e31e7c27be0700)
|
||||
|
||||
When did these reverse repos start showing up?
|
||||
|
||||
January 29th.
|
||||
|
||||
February 25th.
|
||||
|
||||
March 11th.
|
||||
|
||||
Woah what? Liquidity problems around the dates GME surged? It's not necessarily connected but hey, nice coincidence - right? 😉
|
||||
|
||||
The reverse repos started coming at ever-increasing frequency towards the end of March. Hmmm. Wonder why? [Could it be that the fed ended their liquidity programs](https://www.reuters.com/article/us-usa-fed-facilities/fed-says-extending-four-emergency-liquidity-programs-to-march-31-2021-idUSKBN28A1YG)?
|
||||
|
||||
[](https://preview.redd.it/ryip19nz07071.png?width=848&format=png&auto=webp&s=a4b56e2f18aab8af2073247c017a8845cc9fc4e8)
|
||||
|
||||
Yup. Those programs dried up on March 31, 2021. This suddenly put much more liabilities on the Banks balance sheets, where they need to obtain assets to counteract their liabilities.
|
||||
|
||||
Ever since then, banks have been STRUGGLING with their balance sheets, and the potential of a short squeeze on the US Treasury Bond Market (See "[Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)" by [/u/atobitt](https://www.reddit.com/u/atobitt/)):
|
||||
|
||||
1. Banks have a "balance sheet" of assets and liabilities. Liabilities? Could be cash they owe to people/entities. Assets? Some form of collateral, such as treasury bonds
|
||||
|
||||
2. Banks have ever-increasing liabilities every day due to over-leveraged borrowers.
|
||||
|
||||
3. In order to not default, banks need to maintain balance on their sheets by obtaining assets/collateral.
|
||||
|
||||
4. Banks will go to Fed and to get their collateral in order to avoid defaulting (Reverse Repo).
|
||||
|
||||
5. When the banks borrow collateral they might even 'short' sell those borrowed bonds into the treasury market, hoping to flip a profit due to inflation.
|
||||
|
||||
6. Repeat #2 -> #5 and you get your ever increasing reverse repo amount.
|
||||
|
||||
7. Not only this, the Fed is sucking out $80Billion in treasuries (collateral) each month. Reducing the supply in the market.
|
||||
|
||||
8. As the reverse repo amount continues to increase, demand continues to go up for collateral.
|
||||
|
||||
9. As the fed continues to suck out collateral, the supply of collateral drops.
|
||||
|
||||
10. Eventually you hit a critical point where the supply is too low, and the treasury value shoots up. Banks who are short might now be forced to buy back up the treasuries on the market and cause a short squeeze in the US Treasury Market itself.
|
||||
|
||||
11. Banks default. Members default. Everything collapses except some Banks/HFs/Financial Institutions which weren't completely stupid.
|
||||
|
||||
At any moment, the collateral bomb can pop and drag the whole system down. Definitely recommend [George Gammon's Summary](https://www.youtube.com/watch?v=fttA-rNRYG4).
|
||||
|
||||
5\. The T+35 and T+21 Crossover Event of Meme Stocks
|
||||
|
||||
I've posted a theory about us getting close to another February 24th repeat where massive amounts of volume and buy pressure could surge GME. You can find the post here:
|
||||
|
||||
[FTD Loop Missing Link T+35 and T+21](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/)
|
||||
|
||||
The actual why to the mechanics behind these loops might not actually be FTDs. But instead Net Capital, which operates on a similar timeframe. T+7, T+14, T+21, T+28. They're forced to buy up shares, causing buy pressure, in order to return neutral and deliver. You can find that post here:
|
||||
|
||||
[Net Capital Bomb](https://www.reddit.com/r/Superstonk/comments/n4h832/major_deep_itm_call_option_dates_a_massive_net/)
|
||||
|
||||
In quick summary of T+35 and T+21, we seem to be in multiple price spike loops. And a new one is about to pop up. Where did these originate from? So far, it looks like three main dates:
|
||||
|
||||
- January 15th: Major option date. One of the only 2021 option dates available in early 2020. Shorters must have piled in here.
|
||||
|
||||
- ~~February 5th~~**~~:~~** ~~The date Robinhood and other brokers fully lifted restrictions. Most likely reset the clock from another options date or some other factor. [Trying to pin this down]~~ Edit: I think we can ignore this. The only option expirations that matter are Jan 15 and April 16 due to them being two of the major option dates that were available in 2020.
|
||||
|
||||
- April 16th: Major option date. One of the only 2021 option dates available in early 2020. Once again, shorters must have piled in here. I'm pretty sure Melvin's PUTs expired on this date, FYI. 😉
|
||||
|
||||
Each date coincides with the following loop:
|
||||
|
||||
1. Option Expire date. T+35 days later a price spike occurs. (January 15 -> February 24th)
|
||||
|
||||
2. An endless cycle of price spikes T+21 days later starts. (February 24th -> March 25th -> April 26th -> May 25th)
|
||||
|
||||
The first T+35 spike is more significant than the T+21 spikes. Check it out. I've also plotted the hypothetical next price spikes which occur on May 24 (T+35) and May 25 (T+21).
|
||||
|
||||
Please note: T+35 is CALENDAR days. T+21 is BUSINESS days. Take a look at the above DD for the walkthrough of this timing.
|
||||
|
||||
[](https://preview.redd.it/nmg3oj2nn7071.png?width=1436&format=png&auto=webp&s=589a978f5c90d3ff1ad5d71e7ea40d92e89eeae5)
|
||||
|
||||
GME T+35 and T+21 Loop
|
||||
|
||||
Guess what? This happens in AMC too. You can apply this to KOSS as well, and find the same exact patterns. Anyone want to have fun and check more meme stocks? Be my guest!
|
||||
|
||||
[](https://preview.redd.it/ukts9ax547071.png?width=1432&format=png&auto=webp&s=8bbb4512b90d99eec4530ca76dc5198779a4b050)
|
||||
|
||||
AMC T+35 and T+21 Loop
|
||||
|
||||
See that shit? We're lining up for not just a T+35 spike, but a T+21 spike one day after another next week. This is going to effect all meme stocks if the cycle continues and April 16th actually triggers another loop.
|
||||
|
||||
The timing of all of the wind-down and auction plans being in effect along with the increasing collateral issue of the banks with reverse repos means there's a massive collateral bomb being juggled, which could blow up with another volatile movement in GME or the market itself. When that happens, anyone could default. And what happens when a member defaults in DTC, ICC, or OCC? It cascades to the other two clearing corps. The margin calls start blasting out to all of the way overleveraged firms who get screwed by this volatility, and down goes the house of cards.
|
||||
|
||||
Call me a tinfoil hat wearer, but it sure as hell feels like the SEC, DTC, ICC, OCC, everyone high up, planned this all out. The flash crashes, everything, in order to get their nuke fallout plans in place. They probably always knew the timer was going to tick, tick, tick, run out, and boom the week of May 24th due to April 16th options expiration.
|
||||
|
||||
So the SEC, DTC, ICC, OCC, all the higher-ups shut things down in January. They shut things down on March 10th. They crash the price on March 15th to avoid a pre-emptive margin-call. They pull many strings to buy time, pump all their wind-down plans in place at the last minute, wait for the next surge of GME, and then...
|
||||
|
||||
[](https://preview.redd.it/62pndywok7071.png?width=702&format=png&auto=webp&s=298ffb0386b18492962652f7a748a725bec01bb2)
|
@ -0,0 +1,33 @@
|
||||
Notice of Filing and Immediate Effectiveness - SR-FINRA-2021-013
|
||||
================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/C3ll3](https://www.reddit.com/user/C3ll3/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nro4ky/notice_of_filing_and_immediate_effectiveness/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
|
||||
|
||||
Link to the Rulechange: [https://www.sec.gov/rules/sro/finra/2021/34-92098.pd](https://www.sec.gov/rules/sro/finra/2021/34-92098.pdf)f\
|
||||
attached Exhibit 3: <https://www.sec.gov/rules/sro/finra/2021/34-92098-ex3.pdf>
|
||||
|
||||
Need some wrinkly brains here, just saw this update on the SEC site.
|
||||
|
||||
Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the Supplemental Inventory Schedule Pursuant to FINRA Rule 4524 (Supplemental FOCUS Information)
|
||||
|
||||
---
|
||||
|
||||
**Relevant comment by [u/AcedVector](https://www.reddit.com/user/AcedVector/)**
|
||||
|
||||
On page 8 of the rule change it says:
|
||||
|
||||
"*Because the foregoing proposed rule change does not: (i) significantly affect the*\
|
||||
*protection of investors or the public interest; (ii) impose any significant burden on*\
|
||||
*competition; and (iii) become operative for 30 days from the date on which it was filed,*\
|
||||
*or such shorter time as the Commission may designate, it has become effective pursuant*\
|
||||
*to Section 19(b)(3)(A) of the Act19 and Rule 19b-4(f)(6) thereunder.*"
|
||||
|
||||
It seems like this rule doesn't affect us too much, and is more so just FINRA trying to gather more info on the hedgies in terms of their positions of treasury securities as well as "U.S. government agency and U.S. government-sponsored enterprise\
|
||||
securities". Basically FINRA wants to know what the fuck their positions are looking like in the reverse repo markets; they realize how bad its gotten and need to understand the extent of the potential damages that are being caused by the absolute BS that is going on.
|
@ -0,0 +1,26 @@
|
||||
SR-NSCC-2021-005 just got an update on the SEC website.
|
||||
=======================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Official_Siro](https://www.reddit.com/user/Official_Siro/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/na0u5x/srnscc2021005_just_got_an_update_on_the_sec/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Possible DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
Any wrinkle brains know anything about this? Just got updated.
|
||||
|
||||
<https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-005>
|
||||
|
||||
*The Minimum Required Fund Deposit As part of its market risk management strategy, NSCC manages its credit exposure to Members by determining the appropriate Required Fund Deposits to the Clearing Fund and monitoring its sufficiency, as provided for in the Rules.4 The Required Fund Deposit serves as each Member's margin. The objective of a Member's Required Fund Deposit is to mitigate potential losses to NSCC associated with liquidation of the Member's portfolio in the event NSCC ceases to act for that Member (hereinafter referred to as a "default").5 The aggregate of all Members' Required Fund Deposits, together with certain other deposits required under the Rules, constitutes the Clearing Fund of NSCC, which it would access, among other instances, should a defaulting Member's own Required Fund Deposit be insufficient to satisfy losses to NSCC caused by the liquidation of that Member's portfolio. Pursuant to the Rules, each Member's Required Fund Deposit amount consists of a number of applicable components, each of which is calculated to address specific risks faced by NSCC, as identified within Procedure XV.6 Currently, each Member is required to maintain a minimum Required Fund Deposit amount of $10,000.7 If a Member's Required Fund Deposit, as calculated by Procedure XV, is less than $10,000 on a given day, NSCC requires a deposit to bring the Member's Required Fund Deposit up to $10,000. The first 40% of a Member's Required Fund Deposit, but no less than the minimum Required Fund Deposit amount of $10,000, is required to be in cash.8 NSCC's margining methodologies are designed to mitigate market, liquidity and other risks. NSCC regularly assesses its margining methodologies to evaluate whether margin levels are commensurate with the particular risk attributes of each relevant product, portfolio, and market. In connection with such regular reviews, NSCC has determined that there are circumstances where the current minimum Required Fund Deposit amount is insufficient to manage NSCC's risk in the event of an abrupt or sudden increase in a Member's activity.*
|
||||
|
||||
SR-NSCC-2021-005
|
||||
|
||||
[](https://preview.redd.it/5s6ak7s8oiy61.png?width=833&format=png&auto=webp&s=3d0dc63a663ea441bb47470db87972fa173f37f8)
|
||||
|
||||
---
|
||||
|
||||
## Relevant Comment by [u/dlauer](https://www.reddit.com/user/dlauer/)
|
||||
Doesn't seem like such a big deal - they're increasing the minimum deposit from $10k to $250k. While that's a big increase, it probably doesn't impact large brokers, which is what would make an impact on the things everyone is concerned about here.
|
@ -0,0 +1,63 @@
|
||||
NSCC-2021-006 Approved, Effective Immediately
|
||||
=============================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/Shooting4daMoon](https://www.reddit.com/user/Shooting4daMoon/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nb1rtp/nscc2021006_approved_effective_immediately/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
The SEC just approved NSCC-2021-006, effective immediately today.
|
||||
|
||||
[](https://preview.redd.it/8cq0vvwzory61.png?width=631&format=png&auto=webp&s=f858436624382514462d6794c2d895aa1d2bc57b)
|
||||
|
||||
Here is a link to the announcement. <https://www.sec.gov/rules/sro/nscc.htm>
|
||||
|
||||
There are plenty of posts on this over the past couple of days including:
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/n7in6k/clarification_of_nscc2021006/>
|
||||
|
||||
<https://www.reddit.com/r/Superstonk/comments/n7svvu/queenkong_replies_to_the_006rule_in_other_words/>
|
||||
|
||||
There was some confusion over the announcement of this rule a few days ago around the SEC still needing to approve rule changes, but not having to wait 10 days to approve a new rule.
|
||||
|
||||
This rule also clarifies terminology and clarifications of rules.
|
||||
|
||||
I am still reading the final approved version and will add a summary as I go. Feel free to help if you have time.
|
||||
|
||||
~~~~~~~~~~~~~~~~~~~~~
|
||||
|
||||
Edit 1: On page 14, they kept the proposal to remove the 10-day approval window.
|
||||
|
||||
"NSCC is proposing to delete a requirement in Rule 33 that Members and Limited Members be given 10 business days' notice of any proposed amendment to the Procedures. NSCC is also proposing to replace "immediately" with "promptly" in Rule 36 in order to provide that NSCC will promptly---but might not immediately---notify Members and Limited Members of any proposed rule changes. NSCC believes that the foregoing requirements are not necessary or practical because, as explained below, Members and Limited Members are already provided adequate notice of any changes or proposed changes to NSCC's Rules or Procedures through the rule change process."
|
||||
|
||||
~~~~~~~
|
||||
|
||||
Edit 2: Additional clarity around rule approval on page 14/15
|
||||
|
||||
"Under the rule change process, generally, before a proposed rule 15 change may take effect, (i) the change and an explanatory statement must be filed with the Commission and posted by NSCC on the NSCC Website, (ii) notice of the filing and the substantive terms or description of the change must be published by the Commission in the Federal Register for public review and comment, and (iii) the Commission must approve the change (or the change must otherwise be permitted to take effect)."
|
||||
|
||||
~~~~~~
|
||||
|
||||
Edit 3: More clarity on rule approval on page 15/16
|
||||
|
||||
"NSCC is required to follow: (1) a specified process12 whenever it proposes a new rule or a change or amendment to its Rules and (2) a specified process13 whenever it proposes to make a change to its rules, procedures or operations that could materially affect the nature or level of risks presented by NSCC. These rule change processes provide notice to Members and Limited Members and provide an opportunity for those parties to comment on such changes. Rule 19b-4 under the Act requires that NSCC post any rule change proposals on its website within two business days after the filing of a proposed rule change,14 post any rule changes that are approved by the Commission within two business days after it has been notified of the Commission's approval15 and post any rule change within two business days of the Commission's notice of such proposed change for rule changes that are effective upon filing.16 NSCC complies---and will continue to comply---with such notice requirements which it believes are adequate. "
|
||||
|
||||
~~~~~
|
||||
|
||||
Edit 4: Interesting clause on page 19, around the ability to suspend the rule change within 60 days of filing.
|
||||
|
||||
" III. Date of Effectiveness of the Proposed Rule Change, and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A)21 of the Act and paragraph (f)22 of Rule 19b-4 thereunder. *At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act*. "
|
||||
|
||||
~~~~~~
|
||||
|
||||
Edit 5: Starting to read Exhibit 5. This might be the interesting part...
|
||||
|
||||
~~~~
|
||||
|
||||
Edit 6: Wondering if someone could provide clarity on how these exhibits work. There is some interesting wording on page 5 of exhibit 5 (<https://www.sec.gov/rules/sro/nscc/2021/34-91881-ex5.pdf>), around illiquidity ratios. Are these exhibits just examples or actual definitions for these rules?
|
||||
|
||||
" the "illiquidity ratio" of a security on any day is equal to (i) the price return of such security on such day (based on the natural logarithm of the ratio between the closing price of the security on such day to the closing price of the security on the prior trading day) divided by (ii) the average daily trading amount1 of such security over the prior 20 Bbusiness Ddays."
|
@ -0,0 +1,103 @@
|
||||
SR-OCC-2021-004 Finalizes This Week; Is This the Convergence?
|
||||
=============================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/c-digs](https://www.reddit.com/user/c-digs/) | [Reddit](https://www.reddit.com/r/GME/comments/napco9/srocc2021004_finalizes_this_week_is_this_the/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[🔬 DD 📊](https://www.reddit.com/r/GME/search?q=flair_name%3A%22%F0%9F%94%AC%20DD%20%F0%9F%93%8A%22&restrict_sr=1)
|
||||
|
||||
TL;DR:
|
||||
|
||||
1. Some [OCC members](https://www.theocc.com/Company-Information/Member-Directory) (Citadel, Virtu, *and* Robinhood If you are not out yet, you better get out ASAP are members...) are about to fail
|
||||
|
||||
2. When they fail, OCC seizes the failing members' holdings as collateral to get a loan to keep everything from collapsing
|
||||
|
||||
3. Then OCC needs to sell those holdings at auction to pay that loan back
|
||||
|
||||
4. To get the best return at auction and minimize their own exposure (paying out of their own funds), OCC needs more bidders
|
||||
|
||||
5. To get more bidders, they relaxed the qualification requirements for existing members and non-members in SR-OCC-2021-004 on March 31, 2021
|
||||
|
||||
6. This rule change is set to go into effect this week and sets a path for a more controlled wind-down of a defaulting member and decreases volatility in the wake of a collapse and therefore, SR-OCC-2021-004 could be seen as a prerequisite (to the margin calls that will start the squeeze) by many parties such as the OCC and SEC and even Berkshire and BlackRock.
|
||||
|
||||
----
|
||||
|
||||
[SR-OCC-2021-004](https://www.sec.gov/rules/sro/occ/2021/34-91445.pdf) ("OCC-004") was filed on March 31, 2021:
|
||||
|
||||
[](https://preview.redd.it/uv0h05ka8py61.png?width=660&format=png&auto=webp&s=15413aa698d043a6aa336887e2c204bebdfff2a3)
|
||||
|
||||
SR-OCC-2021-004 filing date
|
||||
|
||||
With a date of effectiveness 45 calendar days after the date of filing.
|
||||
|
||||
[](https://preview.redd.it/yg4uj8yyzoy61.png?width=672&format=png&auto=webp&s=d7c681f570c9c4a60344f2e5a564c73da0c2db8b)
|
||||
|
||||
See page 12 of SR-OCC-2021-004
|
||||
|
||||
That would put the date at May 15, 2021 or this Saturday. ( [u/StatisticianActive48](https://www.reddit.com/u/StatisticianActive48/) points out that this could alternatively be May 21, 2021 instead since the actual publication to the Federal Register was on April 6, 2021 ).
|
||||
|
||||
One of two things will happen in the next ~~two~~ few days:
|
||||
|
||||
1. It will go into effectiveness sometime between now and Friday (May 13, anyone?) May 14 or May 21.
|
||||
|
||||
2. It will be postponed with an objection as we have seen with both SR-OCC-2021-003 and SR-NSCC-2021-002 in which case it will be pushed out 90 calendar days to potentially either June 29, 2021 or August 13, 2021 depending on whether that's an *additional* 90 days or a cumulative 90 days (thanks [u/rockitman12](https://www.reddit.com/u/rockitman12/))
|
||||
|
||||
[On April 5, 2021, I wrote the following](https://www.reddit.com/r/Superstonk/comments/mkvgew/why_are_we_trading_sideways_why_is_the_borrow/):
|
||||
|
||||
[](https://preview.redd.it/8idzdd3ybpy61.png?width=696&format=png&auto=webp&s=feac234cffaef648a76c6e177a16ae63f166aae2)
|
||||
|
||||
My closing thoughts from that earlier post; my only regret is not selling covered calls! I had a very strong sense that NOTHING would be allowed to substantially move the price of GME until OCC-004 was in place.
|
||||
|
||||
For those that have not followed my posts in the past, the OCC is the Options Clearing Corporation which functions similarly to the DTCC except its for options. My thought is that OCC-004 is a critical piece of the puzzle to prepare for the first major margin calls that will initiate the squeeze as it opens up the asset auction qualifications and procedures once an OCC member defaults as a result.
|
||||
|
||||
The reason why this is important is market stability and I believe that this is one of the reasons why we have been trading sideways since March 16th:
|
||||
|
||||
[](https://preview.redd.it/upypeusd3py61.png?width=1634&format=png&auto=webp&s=dab31a39e45d157143ac2518369567af478f827a)
|
||||
|
||||
Two notable bands where we've been trading for two months now.
|
||||
|
||||
It is also likely one of the reasons why many big players like [Berkshire](https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-sells-stocks-reduces-buybacks-q1-earnings-2021-5-1030373389) and BlackRock are moving into cash heavy positions.
|
||||
|
||||
When an OCC member -- *like Citadel* -- fails, the member's assets are used as collateral to obtain immediate liquidity to keep the markets and OCC functioning. These assets are then auctioned off to recover the funds used to inject that liquidity. The thinking is that the more bidders at auction, the more likely it is that the assets will be sold closer to market value and prevent a market-wide collapse of asset prices (this is kind of already happening these past two days...).
|
||||
|
||||
[](https://preview.redd.it/tcx9fgcz1py61.png?width=584&format=png&auto=webp&s=ef6a6c8d165494565cfb6b25d6d328b795a56b47)
|
||||
|
||||
Key lines on page 7
|
||||
|
||||
It also minimizes OCC members' exposure to that default if they can recover more cash through the auction process. [Remember, OCC members include: Bank of America, Charles Schwab, Citadel, Credit Suisse, Deutsche Bank, Goldman Sachs, Interactive Brokers, JP Morgan, Robinhood, TD Ameritrade, UBS, Vanguard, and many others](https://www.theocc.com/Company-Information/Member-Directory) who don't want to pay for the mistakes of a few of their members.
|
||||
|
||||
Additionally, the changes in OCC-004 result in *non-OCC members* having an easier path to bidding at auction (remember: firms like Fidelity, Berkshire, and BlackRock are NOT OCC members) as part of this process to qualify more bidders.
|
||||
|
||||
[](https://preview.redd.it/qn9xn8sj2py61.png?width=604&format=png&auto=webp&s=1fc96eb1d50dba621f3dcf215353cc491fae0f65)
|
||||
|
||||
Pages 4 and 5
|
||||
|
||||
My conjecture is that all of DTCC, OCC, and SEC those "postponed" closed-door meetings? have been buying time to prepare for the fallout of the squeeze so what we see with the price manipulation around GME is not solely due to the action of the shorts, but all of the key market players as a whole to contain this fallout from potentially multiple members of DTCC and OCC failing.
|
||||
|
||||
The recent actions by Bezos and Gates may also be related as they seek to protect their own equity and prepare to feast on discount assets at auction.
|
||||
|
||||
To watch for this regulatory activity, check here:
|
||||
|
||||
- SEC What's New page which is updated daily usually after noon: <https://www.sec.gov/news/whatsnew/wn-today.shtml>
|
||||
|
||||
- SEC OCC Rulemaking page: <https://www.sec.gov/rules/sro/occ.htm>
|
||||
|
||||
Are we guaranteed to launch immediately after OCC-004? No. But I think that the likeliness of launch *feels* imminent with the multiple incidents we are observing this week, the market pullback, and the sudden rise in overall volatility. I think it will also depend on how far along they are with their pool of bidders.
|
||||
|
||||
FAQ
|
||||
|
||||
Q: Should I get out of Charles Schwab, TD Ameritrade, or E*Trade?
|
||||
|
||||
While they are all members of OCC, unless they are exposed to GME/AMC shorts, they are likely going to be fine. The problem with Citadel and Virtu is that their sister trading firms are highly exposed in GME and AMC short positions. Robinhood as well.
|
||||
|
||||
Citadel is additionally exposed through their market maker status and creating naked shorts as part of market making.
|
||||
|
||||
This is also likely one of the reasons why the margin requirements for AMC and GME are now going through the roof on all trading platforms.
|
||||
|
||||
Q: Will we get paid?
|
||||
|
||||
The whole point of that liquidity is in anticipation of having to continue to fulfill buy/sell transactions. Without that liquidity, the market seizes up. You will get paid; DTCC and OCC will use those loans to pay obligations and then dip into their own funds.
|
@ -0,0 +1,93 @@
|
||||
OBV and Beta definitively show that the price is heavily suppressed and that GME is the ultimate hedge against market volatility
|
||||
================================================================================================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/OverlordHippo](https://www.reddit.com/user/OverlordHippo/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n9mkoj/obv_and_beta_definitively_show_that_the_price_is/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[DD 👨🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
|
||||
|
||||
Hey there, dildos and dildettes. I normally keep my DD to myself and my friends, but if I can convince my cautious anchor to reality that GME is going to the moon, maybe I can help you do the same.
|
||||
|
||||
If you don't have someone keeping you grounded and real, you should. Fiery passion only beats cold hard facts in Julie Garwood novels and succubus hentai.
|
||||
|
||||
OBV
|
||||
|
||||
OBV = On Balance Volume and typically it follows the price movement closer than Citadel interns follow this sub for the latest image of Kenneth as an alien covered in nipples. (You fuckin weirdos)
|
||||
|
||||
Here's the OBV on some stocks that mean something to normal bipedal hominids:
|
||||
|
||||
[FB](https://imgur.com/gallery/4IMydAK)
|
||||
|
||||
[NIO](https://imgur.com/gallery/KUbCzyN)
|
||||
|
||||
[AAPL](https://imgur.com/gallery/e8smoN5)
|
||||
|
||||
[SPY](https://imgur.com/gallery/ucCmYAY)
|
||||
|
||||
Very clearly you can see that the price movement and the OBV need to get a room. Now let's look at the OBV of GME. It should have the same line as the one on your RH homepage right?
|
||||
|
||||
[DatBoi OBV](https://imgur.com/gallery/mldjnYn)
|
||||
|
||||
Fuckin WRONG. Now I know what you're thinking:
|
||||
|
||||
> But [u/OverlordHippo](https://www.reddit.com/u/OverlordHippo/) how can you call us dildos when you didn't even crop your screenshots.
|
||||
|
||||
Blow me, I just realized it and I'm not redoing it.
|
||||
|
||||
*So, what's the formula that turns numbers into lines here?* Come on now, let's not pretend you'd understand it. Think of it like this though; There are daily posts showing the buy/sell ratio being a win for the Apes. The OBV confirms that.
|
||||
|
||||
*What does this mean?* Look at the GME picture again and imagine the price movement continuing the way it should have without the good old fashioned HF fuckery. It looks like it should be sitting around $550.
|
||||
|
||||
That's $550 without any shorts covering. Shorts covering equals = buying. Buying = price goes up. OBV shows buying is dominant, yet price goes down = shorting enough not to just stop it from going up, but to push it down significantly. Tits = Jacked.
|
||||
|
||||
Beta
|
||||
|
||||
We're not talking about your personality here. We're talking about a stocks relationship with the rest of the market. The market beta value is hard set at a value of 1.
|
||||
|
||||
If a stock has a Beta value greater than 1, it's price will move in relation to the market's movement, but to a greater degree. If a stock has a Beta value lesser than 1, it's price will still move in relation to the market's, but to a lesser degree. It's rare, but a stock can have a negative beta, which means that it has an inverse relationship with the market.
|
||||
|
||||
Most stocks hover around the market value. Best buy is 0.82, Amazon is at 1.11, that sort of thing. The stocks within the market as a whole typically move together. You see those posts with all the red squares when the nasdaq has a shit day. Good days and bad days evened out and extraneous events aside (like some CEO gets caught on a zoom conference with a fleshlight/nipple clamp combo in his desk drawer shaped like a scorpion) the market moves in tandem to the stocks that comprise it.
|
||||
|
||||
Here's some boomer piece talking about how stocks with low Beta are a great way to hedge your portfolio against market volatility.
|
||||
|
||||
[Lowest 5 Beta stocks of the S&P 500](https://www.suredividend.com/low-beta-stocks/)
|
||||
|
||||
In there you'll find such classics as *Johnson and Johnson* and *Proctor and Gamble* the kind of stocks that are less exciting than re-uploading screenshots that you forgot to crop. The point being that the lowest Beta of the SPY is Walmart at 0.36.
|
||||
|
||||
That's the extreme outlier of stocks considered relevant.
|
||||
|
||||
[Here's GME](https://www.infrontanalytics.com/fe-EN/34916NU/GameStop-Corp-/Beta)
|
||||
|
||||
-5.62... Not just 0.069, not -4.20, but -5.62.
|
||||
|
||||
Basically the market could implode and GME is going surfing the waves of the tears of everyone who doesn't have some. Someone should buy an ad on NPR or a commercial during MASH reruns about hedging your portfolio with GME against market volatility. Our granpappy's will be burying shares of GME in the woods behind their houses and shit.
|
||||
|
||||
*Are we the boomers now?* I fuckin guess so. It's going to be hilarious saying:
|
||||
|
||||
> You should've hedged properly against this volatile market by buying something safe like GME.
|
||||
|
||||
So there it is. Data driven proof of price suppression and certified boomer approval of portfolio hedging strategies against market volatility all wrapped into one tasty package.
|
||||
|
||||
Summary/TLDR
|
||||
|
||||
OBV and Beta definitively show that the price is both heavily suppressed and that GME is a safe haven in a volatile market. Not only are we correct in our reasoning, we're in a financial lifeboat rowing away from the sinking Titanic that is the market.
|
||||
|
||||
If that doesn't convince the skeptics in your life, then name your yachts after them or something.
|
||||
|
||||
TLDR for those who can't read
|
||||
|
||||
🚀🚀🚀💎🤲💎🍆🐜🚀🚀🚀
|
||||
|
||||
* * * * *
|
||||
|
||||
Edit: Lots of dildapes out there twiddling their neckbeards and saying things like
|
||||
|
||||
> OBV and Beta can't be used to predict price movement, they're made up of data from previous price movements.
|
||||
|
||||
Congratulations, you just described literally all of technical analysis. *No shit* it's made of data from the past and present. It's not like it's made up of data from the future, McFly. MACD, RSI, Stochastics, candlestick patterns, and the skidmarks in your briefs are all entirely comprised of prior movements and used to predict future movements. Even the skidmarks. HELLO you already almost shit yourself... Are you going to try and sneak out another one?
|
||||
|
||||
Edit Part Deux: I see a lot of different Beta values being posted from different sources. Yahoo Finance shows -1.94 and the Bloomberg terminal shows -bazillion. *Which is it?* As some have said, some sources don't include AH trading, so who knows. It's probably something closer to zero than the overpriced boomer machine that runs Windows '69. But, with information as it is for us lowly peons of the financial world, who tf knows. You can bet your Shrek box set on the fact that if even Yahoo Finance says it's *pretty* bad, it is really fuckin bad.
|
@ -0,0 +1,21 @@
|
||||
DTCC Members are having a liquidity check May 13th
|
||||
==================================================
|
||||
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [u/lickybum](https://www.reddit.com/user/lickybum/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n763vq/dtcc_members_are_having_a_liquidity_check_may_13th/) |
|
||||
|
||||
---
|
||||
|
||||
|
||||
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
|
||||
|
||||
As per page 6 on the NSCC-002 rule filing...
|
||||
|
||||
"Under the current Rule 4(A), NSCC performs calculations on a monthly basis, no later than the fifth day prior to an Options Expiration Activity Period"
|
||||
|
||||
Options for May expire on the 21st
|
||||
|
||||
Source: <https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf>
|
||||
|
||||
No dates apes but tits are fucking jacked
|
@ -0,0 +1,38 @@
|
||||
| Author | Source |
|
||||
| :-------------: |:-------------:|
|
||||
| [Jeanna Smialek](https://www.nytimes.com/by/jeanna-smialek) | [New York Times](https://www.nytimes.com/2021/06/02/business/fed-sells-corporate-bond-holdings.html) |
|
||||
|
||||
---
|
||||
|
||||
The Fed announces plans to sell off its corporate bond holdings.
|
||||
================================================================
|
||||
|
||||
By [Jeanna Smialek](https://www.nytimes.com/by/jeanna-smialek)
|
||||
|
||||

|
||||
|
||||
The Federal Reserve will sell off the corporate bond holdings it amassed as it implemented emergency lending programs during the height of the pandemic.Credit...Stefani Reynolds for The New York Times
|
||||
|
||||
The Federal Reserve's first-ever foray into the corporate bond market will come to a final close in coming months, with the central bank announcing Wednesday that it will sell off its exchange-traded fund investments and direct bond holdings.
|
||||
|
||||
The sales, which a Fed official said the central bank expects to complete by the end of the year, will finish off a program that was the first of its kind. The Fed[ announced in March 2020 ](https://www.nytimes.com/2020/03/23/business/economy/coronavirus-fed-bond-buying.html)that it would begin buying corporate debt using its emergency lending powers. The maneuver was an effort to unfreeze the flailing bond market as panic, inspired by the then-unfolding pandemic, threatened to keep American companies from renewing their debt or borrowing more.
|
||||
|
||||
The announcement worked almost instantly, restoring investor faith in the market and helping it to begin functioning again. In the end, by the time the Fed rolled out two programs --- one for newly issued bonds and one for debt that was already in the market --- they only used a sliver of their $250 billion capacity. The Fed now holds about [$13.7 billion](https://coc.senate.gov/sites/default/files/2021-05/COC%20May%20Report%205-28%20AHV%20FINAL%20VERSION.pdf) in already-outstanding corporate bonds. Part of the buying included exchange traded-funds, which represent bundles of corporate debt and trade like stocks.
|
||||
|
||||
The Fed announced on Wednesday that it will sell all of those holdings.
|
||||
|
||||
The "portfolio sales will be gradual and orderly," the central bank said in its statement. They "will aim to minimize the potential for any adverse impact on market functioning by taking into account daily liquidity and trading conditions for exchange traded funds and corporate bonds."
|
||||
|
||||
The corporate bond program closed at the end of 2020, which means it has not been purchasing debt in recent months. But the Fed had yet to announce how and when it would wind down its holdings.
|
||||
|
||||
The corporate bond effort was perhaps the most controversial of the Fed's 2020 relief programs, drawing criticism from some Democrats who felt that the central bank was helping big companies more than smaller ones and households. Some critics even argued that the program had effectively "[bailed out](https://mattstoller.substack.com/p/the-federal-reserve-bails-out-boeing)" companies, although the program worked indirectly, helping to reopen choked markets.
|
||||
|
||||
Corporate bond markets have been functioning normally in recent months. Despite that calm, announcing the unwinding was a delicate maneuver.
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It was important for the Fed to signal that this was not a monetary policy action. The Fed's policy-setting Open Market Committee is also buying huge amounts of government-backed bonds, but those purchases are different, meant to foster stronger economic conditions by keeping markets chugging and holding down borrowing costs. Markets are on edge as officials tiptoe toward thinking about when and how to slow that program.
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The New York Fed will provide more details on timing on Thursday morning.
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[Continue reading the main story](https://www.nytimes.com/2021/06/02/business/fed-sells-corporate-bond-holdings.html#after-pp_edpick)
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Jeanna Smialek writes about the Federal Reserve and the economy. She previously covered economics at Bloomberg News, where she also wrote feature stories for Businessweek magazine. [@jeannasmialek](https://twitter.com/jeannasmialek)
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@ -0,0 +1,21 @@
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Co-Founder of Ortex confirms "majority" of short sellers have not exited their positions in Meme stocks.
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========================================================================================================
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||||
| Author | Source |
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||||
| :-------------: |:-------------:|
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||||
| [u/randomd0rk](https://www.reddit.com/user/randomd0rk/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nr94fj/cofounder_of_ortex_confirms_majority_of_short/) |
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|
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---
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[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
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|
||||
"Although we have seen some exiting of positions throughout the year, the majority of short-sellers have been happy to sit on significant paper losses in the hope that retail investors will blink first and the losses won't be realized," said Peter Hillerberg, co-founder of financial analytics firm Ortex.
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"This now looks like a flawed strategy."
|
||||
|
||||
<https://www.bloomberg.com/news/articles/2021-06-03/defiant-meme-stock-short-sellers-stare-down-4-5-billion-loss>
|
||||
|
||||
*Edited to add Bloomberg source after Reuters changed the article.
|
||||
|
||||
Also, thanks for my first awards! Can I buy crayons with these?
|
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